04RS HB7


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HB 7/LM/CI (BR 31) - R. Damron, P. Bather, P. Clark, J. Crenshaw, F. Nesler, D. Sims, M. Weaver, S. Westrom

     AN ACT relating to consumer protection.
     Create a new section of KRS 434.550 to 434.730 relating to credit and debit cards to require that electronic cash registers and similar machines print not more than the last five digits of the credit or debit card number and do not print the card expiration date on credit and debit card receipts; provide that the Act does not apply to handwritten receipts or to nonelectronic imprints of credit and debit cards; amend 434.560 to define merchant, payment card, reencoder, and scanning device; amend KRS 434.730 to create a Class D felony for using a scanning device or reencoder to gather information encoded on magnetic strip of payment card or place information on the magnetic strip of a different card with intent to defraud authorized user or issuer of card; make subsequent offenses a Class C felony; provide for suppliers of credit or debit card hardware or software to comply with the bill; effective January 1, 2005 for newly installed machines and January 1, 2007 for current machines.


     HCS/LM/CI - Retain original provisions except delete Sections 1 and 5 pertaining to debit and credit card receipts.

     (Prefiled by the sponsor(s).)

     Jan 6-introduced in House
     Jan 7-to Banking and Insurance (H)
     Jan 12-posted in committee
     Jan 13-posting waived retroactively
     Jan 14-reported favorably, 1st reading, to Calendar with Committee Substitute
     Jan 15-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for January 16, 2004
     Jan 16-3rd reading, passed 90-0 with Committee Substitute
     Jan 20-received in Senate
     Jan 23-to Judiciary (S)
     Mar 18-reported favorably, 1st reading, to Calendar
     Mar 19-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Monday, March 22, 2004
     Mar 22-3rd reading, passed 36-0
     Mar 23-received in House; enrolled, signed by each presiding officer; delivered to Governor
     Apr 2-signed by Governor (Acts ch. 27)

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