HB 788 (BR 1536) - R. Webb, J. Stacy
AN ACT relating to check authorization companies.
Create new sections of KRS Chapter 367 to require a retail seller to post in its place of business its check acceptance policy and the fee it charges for returned checks; require a retail seller that uses the services of a check authorization company to so state in its check acceptance policy; require a check authorization company, upon request by a consumer, to provide information in the consumer's file, a list of risk assessment factors, a summary of the consumer's rights, and a toll-free telephone number; permit a check authorization company to require identification from the consumer making the request; provide that if a consumer disputes information the check authorization company must investigate the disputed information and modify or delete the information within 30 days if the information is found to be inaccurate or incomplete or cannot be verified; authorize a consumer to bring an action in a court of competent jurisdiction against a check authorization company that violates this Act.
HB 788 - AMENDMENTS
HFA (1, R. Webb) - Amend to require retail sellers who use the services of a check authorization company to post notice that an check authorization company is utilized; and to establish a cause of action and damages against a retail seller for noncompliance and a cause of action and damages against a check authorization company for noncompliance.
HFA (2, R. Webb) - Require retail sellers who use the services of a check authorization company to post notice that a check authorization company is utilized; establish a cause of action and damages against a retail seller for noncompliance and a cause of action and damages against a check authorization company for noncompliance.
Feb 23-introduced in House
Feb 24-to Banking and Insurance (H)
Feb 25-posted in committee
Mar 9-reported favorably, 1st reading, to Calendar
Mar 10-2nd reading, to Rules; floor amendment (1) filed
Mar 14-floor amendment (2) filed ; posted for passage in the Regular Orders of the Day for Wednesday, March 15, 2000
Mar 15-3rd reading, passed 85-4 with floor amendments (1) and (2)
Mar 16-received in Senate
Mar 21-to Economic Development, Tourism & Labor (S)
