Bill Text: MO HB1872 | 2014 | Regular Session | Introduced
Bill Title: Prohibits a seller or lessor in a sales or lease transaction or any credit card issuer from imposing a surcharge on a consumer using a credit card for the transaction
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2014-03-12 - Public Hearing Completed (H) [HB1872 Detail]
Download: Missouri-2014-HB1872-Introduced.html
SECOND REGULAR SESSION
97TH GENERAL ASSEMBLY
INTRODUCED BY REPRESENTATIVES DUNN (Sponsor), OTTO, MIMS AND PETERS (Co-sponsors).
5832H.01I D. ADAM CRUMBLISS, Chief Clerk
AN ACT
To amend chapter 407, RSMo, by adding thereto one new section relating to credit card transactions.
Be it enacted by the General Assembly of the state of Missouri, as follows:
Section A. Chapter 407, RSMo, is amended by adding thereto one new section, to be known as section 407.435, to read as follows:
407.435. No seller or lessor in a sales or lease transaction, or any credit card issuer, shall impose a surcharge on a cardholder who elects to use a credit card in lieu of payment by cash, check, or similar means. A surcharge shall mean any additional amount imposed at the time of the sale or lease transaction by the merchant, seller, or lessor that increases the charge to the buyer or lessee for the privilege of using a credit card.
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