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TN HB2798

TN HB2798
AN ACT to amend Tennessee Code Annotated, Title 9 and Title 47, Chapter 18, relative to payments by consumers.


summary

Introduced
01/31/2024
In Committee
02/05/2024
Crossed Over
Passed
Dead
03/05/2024

Introduced Session

113th General Assembly

Bill Summary

As introduced, prohibits a person selling or offering for sale goods or services at retail, and who employs at least six employees, from requiring a buyer to pay using credit for in-person transactions; requires a person selling or offering for sale goods or services at retail to accept legal tender when offered by the buyer as payment; violations treated as a prohibited practice under the Tennessee Consumer Protection Act of 1977. - Amends TCA Title 9 and Title 47, Chapter 18.

AI Summary

This bill prohibits businesses in Tennessee that employ at least six employees from requiring customers to pay using credit for in-person transactions. It requires these businesses to accept legal tender (cash) as payment. Violations of this law would be treated as unfair or deceptive acts under the Tennessee Consumer Protection Act and subject to associated penalties. The bill would take effect on July 1, 2024.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Sponsor(s) Added. (on 03/06/2024)

bill text


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