summary
Introduced
05/20/2021
05/20/2021
In Committee
05/20/2021
05/20/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to credit card processors. Consumer Protection and Professional Licensure.
AI Summary
This bill amends Chapter 140D of the General Laws to define "credit card processor" and "merchant processing agreement", and adds a new Section 37 to the chapter. The new section requires credit card processors to clearly disclose certain information in merchant processing agreements, limits the amount of fees, fines, or penalties that can be assessed for early termination of agreements, and exempts certain large organizations from these requirements. The provisions of the new section will apply to agreements entered into or renewed on or after the effective date of the act, which is 180 days from passage.
Committee Categories
Labor and Employment
Sponsors (2)
Last Action
Accompanied a study order, see H4880 (on 06/30/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H3779 |
| Bill | https://malegislature.gov/Bills/192/H3779.pdf |
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