MO HB203

Requires credit card processing service providers to disclose on contracts the effective date, contract term, monthly minimum fees, and termination fees in minimum 8-point font.

Limits termination fees to a maximum of $50 and prohibits charging monthly minimum fees for more than one month after contract termination.

Classifies violations as unfair and deceptive practices under Missouri consumer protection law.

Exempts state and national banks, credit unions, trade associations, cooperatives, wholesalers, and their parent companies, affiliates, and subsidiaries from these requirements.

Applies only to new contracts entered into after August 28, 2013.