26RS HB 736

Actions

Last Action	02/25/26: to Committee on Committees (H)
Title	AN ACT relating to merchant processing agreements.
Bill Documents	Introduced
Bill Request Number	2089
Sponsors	N. Wilson, D. Gordon
Summary of Original Version	Create a new section of KRS Chapter 365 to establish requirements for merchant processing agreements; prohibit credit card processors from assessing or charging a fee, fine, or penalty in certain circumstances; require credit card processors to make certain disclosures and comply with certain contracting requirements; establish penalties and exemptions; provide for construction of section; provide that Act applies to contracts entered on or after the effective date.
Index Headings of Original Version	Banks And Financial Institutions - Merchant processing agreements, requirements Commerce - Merchant processing agreements, requirements Contracts - Merchant processing agreements, requirements Loans, Credit, Interest, And Usury - Merchant processing agreements, requirements Sales - Merchant processing agreements, requirements Small Business - Merchant processing agreements, requirements Trade Practices And Retailing - Merchant processing agreements, requirements