HB 499 (BR 1041) - J. Higdon
AN ACT relating to merchant account contracting.
Establish Subtitle 12 of KRS Chapter 286 to define terms relating to merchant account debit and credit card contracts with credit card companies, financial institutions and card processors; provide that the merchant's account contract terms prevail; require that a credit card company, financial institution or card processor not restrict the merchant's right to disclose the rules and rates of the contract; and establish penalties for violation.
Feb 11-introduced in House
Feb 12-to Banking & Insurance (H)
Mar 3-posted in committee