Bill > SB528

This bill allows landlords, property managers, merchants, vendors, creditors, and other parties to charge consumers a credit card transaction fee up to 3% of the total transaction amount, with the important caveat that the fee must be clearly disclosed to the consumer before the transaction is completed. The bill specifically excludes debt collectors from being able to charge these transaction fees. The legislation would be integrated into Title 31, Chapter 2, Part 1 of Montana state law, which likely relates to financial regulations. By permitting these transaction fees with transparency requirements, the bill aims to give businesses more flexibility in recovering the costs associated with processing credit card payments, while also protecting consumers by ensuring they are aware of any additional charges before finalizing a transaction. The 3% cap on fees provides a standard limit to prevent excessive charges, and the disclosure requirement ensures consumers can make informed decisions about how they choose to pay.

Business and Industry

https://bills.legmt.gov/#/laws/bill/2/LC3023