House Bill 499

Last Action posted in committee
Title AN ACT relating to merchant account contracting.
Bill Documents Bill
Bill Request Number 1041
Sponsor J. Higdon
Summary of Original Version 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.
Index Headings of Original Version Banks and Financial Institutions - Merchant account contracts
Banks and Financial Institutions - Debit and credit cards
Civil Actions - Financial institution penalty
Contracts - Merchant account with financial institution


  • introduced in House
  • to Banking & Insurance (H)
  • posted in committee

Last updated: 8/28/2019 8:09 AM (EDT)