Bill > SB091

This bill amends Colorado's existing law on credit transaction charge limitations. It allows sellers or lessors to impose a surcharge of up to 2% of the total cost or the actual merchant discount fee incurred in processing the credit or charge card transaction. The seller or lessor must provide clear signage and a separate line item on the customer's receipt for the surcharge. The bill also clarifies that sellers or lessors cannot impose a surcharge if the customer pays with cash, check, debit card, or a gift card. Additionally, the bill specifies that a violation of this law is a violation of the state's consumer code, and the buyer or lessee is considered a consumer for the purposes of liability. The bill takes effect on July 1, 2022, unless a referendum petition is filed against it.