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CA AB2695
Bill
Status
Introduced
2/20/2020
Primary Sponsor
Bill Quirk
Click for details
AI Summary
- Repeals existing prohibition on credit card surcharges, allowing retailers to impose surcharges on cardholders who use credit cards instead of cash, check, or similar payment methods
- Limits surcharge amount to the lesser of the retailer's reasonable transaction cost or 3.5% of the transaction value
- Requires retailers to notify cardholders that a surcharge will be imposed before payment is provided
- Exempts utility payments (electrical, gas, or water) made by credit or debit card that are approved by the Public Utilities Commission
Legislative Description
Credit card surcharges.
Last Action
Referred to Com. on B. & F.
3/12/2020
Committee Referrals
Banking and Finance3/12/2020
Full Bill Text
No bill text available