OLR Bill Analysis

sHB 5296

AN ACT CONCERNING CREDIT AND DEBIT HOLDS.

SUMMARY:

This bill prohibits gas stations and convenience stores that accept credit or debit card payments for the retail sale of gasoline from placing, or allowing a third party to place, a hold on any such card for an amount larger than the actual gasoline purchase without the customer's knowledge and consent or without notice. The notice must be (1) in conspicuous type and close to the point of payment and (2) given before the customer's purchase.

EFFECTIVE DATE: October 1, 2016

COMMITTEE ACTION

Banking Committee

Joint Favorable Substitute

Yea

18

Nay

0

(03/15/2016)