SB 694 Commercial Law – Credit Card Processors – Merchant Processing Agreements
Maryland 2019 Regular Session
Commercial Law – Credit Card Processors – Merchant Processing Agreements
SB-694
About SB-694
Prohibiting a credit card processor from assessing or charging a fee, fine, or penalty that exceeds $500 if a business entity cancels a merchant processing agreement, or any fee, fine, or penalty if a business entity terminates a merchant processing agreement after the expiration of the initial term; requiring a merchant processing agreement to include certain information; requiring that certain information be provided in a certain manner in a merchant processing agreement; applying the Act prospectively; etc.
Bill Texts
Introduced 02/06/2019
Engrossed 03/13/2019
Enrolled 04/02/2019
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