HB 736
AN ACT relating to merchant processing agreements.
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
Create a new section of KRS Chapter 365 to establish requirements for merchant processing agreements; prohibit credit card processors from assessing or charging a fee, fine, or penalty in certain circumstances; require credit card processors to make certain disclosures and comply with certain contracting requirements; establish penalties and exemptions; provide for construction of section; provide that Act applies to contracts entered on or after the effective date.
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