Bill > H2163

This bill aims to enhance transparency and fairness in credit card merchant agreements. It requires financial institutions to provide merchants with full access to the rules and fees associated with accepting credit and debit card payments, and prohibits certain practices such as imposing chargebacks or fees on transactions that exceed a predetermined amount. The bill also prevents financial institutions from applying fees to the tax portion of a transaction and prohibits merchants from waiving their rights under the legislation. Violations of the bill's provisions can result in penalties and civil remedies.

Business and Industry

https://malegislature.gov/Bills/190/H2163