08RS HB499

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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.

HB 499 (BR 1041) - J. Higdon

AN ACT relating to merchant account contracting.
Establish Subtitle 12 of KRS Chapter 286 to define terms relating to merchant account debit and credit card contracts with credit card companies, financial institutions and card processors; provide that the merchant's account contract terms prevail; require that a credit card company, financial institution or card processor not restrict the merchant's right to disclose the rules and rates of the contract; and establish penalties for violation.

     Feb 11-introduced in House
     Feb 12-to Banking & Insurance (H)
     Mar 3-posted in committee

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