summary
Introduced
02/03/2026
02/03/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
Fifty-seventh Legislature - Second Regular Session (2026)
Bill Summary
AN ACT amending title 44, chapter 35, arizona revised statutes, by adding article 2; relating to credit card agreements.
AI Summary
This bill establishes new regulations for credit card companies operating in Arizona, capping the annual interest rate on credit card purchases at fifteen percent and limiting late fees to a maximum of $10, regardless of the outstanding balance. It also prohibits merchants from adding any extra charges, known as surcharges, for using a credit card, and grants the Attorney General the authority to investigate and take action against violations of these provisions. The bill is declared an emergency measure, meaning it takes effect immediately upon passage to protect the public's peace, health, and safety, and its provisions apply retroactively to the twelve months preceding its effective date.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Senate read second time (on 02/04/2026)
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://apps.azleg.gov/BillStatus/BillOverview/85256 |
| BillText | https://www.azleg.gov/legtext/57leg/2r/bills/sb1623p.htm |
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