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NY A01370
Bill
Status
Introduced
1/17/2023
Primary Sponsor
Kenneth Zebrowski
Click for details
AI Summary
- Repeals and replaces section 518 of the general business law regarding credit card surcharges and fees
- Requires sellers to display two prices in all advertisements and at point of sale: one for credit card payments and one for other accepted payment methods
- Mandates posting legible notices in minimum 16-point font at entry and point of sale explaining the surcharge amount and which credit cards are subject to it; for websites, notices must appear on the home page and checkout page; for phone sales, information must be verbally disclosed
- Caps surcharges or fees at four percent of the transaction total or the actual processing cost, whichever is less
- Prohibits any surcharge or fee for debit card use
- Takes effect 90 days after becoming law
Legislative Description
Establishes notice requirements for fees or surcharges imposed by sellers when a credit card is used as payment for the sale of goods or services.
Last Action
enacting clause stricken
7/15/2024
Committee Referrals
Consumer Affairs and Protection1/17/2023
Full Bill Text
No bill text available