AN ACT relating to merchant processing agreements.
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.
Commerce
Small business
CONTRACTS
SALES
Trade Practices and Retailing
Loans, Credit, Interest, And Usury
Banks and Financial Institutions
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