Bill > LD1031

This bill allows time-share associations and managing entities to charge a surcharge to time-share owners when they pay fees or assessments using a credit or debit card, with specific conditions. The surcharge must be clearly disclosed to the time-share owner before payment and cannot exceed the actual costs incurred by the association or managing entity for processing the credit or debit card transaction, including fees from third-party payment service providers. For debit card transactions, a surcharge can only be imposed if there is a cost assessed by a payment service provider. The bill requires that time-share associations inform owners they can avoid the surcharge by paying through alternative methods like cash or check. Importantly, the bill modifies existing Maine law (specifically Title 9-A, section 8-509) to permit these surcharges, which were previously prohibited. This provides time-share associations with more flexibility in recovering transaction processing costs while ensuring transparency for time-share owners.

Health and Social Services

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1031&snum=132