SC H4614

Prohibits financial institutions from charging fees to merchants or consumers during a chargeback dispute until the dispute is resolved and written notice is provided

Requires written notice of chargeback dispute resolution to include reasoning, evidence, and applicable appeals procedure

Defines "chargeback dispute" as a dispute over a debit or credit card transaction

Assigns the Department of Consumer Affairs responsibility for overseeing implementation and enforcing compliance

Takes effect upon approval by the Governor