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AZ SB1623
Bill
Status
Introduced
2/3/2026
Primary Sponsor
David Gowan
Click for details
AI Summary
- Caps credit card interest rates at 15% for all purchases made by credit card companies doing business in Arizona
- Limits late fees to a maximum of $10 regardless of the account balance
- Applies the 15% interest rate cap retroactively to the previous 12 months of accrued interest charges
- Prohibits merchants from adding surcharges to credit card transactions
- Grants the Arizona Attorney General authority to investigate violations and take enforcement action, with the bill taking effect immediately as an emergency measure
Legislative Description
Credit cards; interest rate; requirements
Last Action
Senate read second time
2/4/2026
Committee Referrals
Rules2/3/2026
Finance2/3/2026
Full Bill Text
No bill text available