OLR Bill Analysis

sHB 5296 (as amended by House "A")*

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 providing notice to the customer. The notice must be (1) in conspicuous type and close to the point of payment and (2) given before the customer's purchase.

*House Amendment “A” removes customer consent as an exception to the bill's notice requirement.

EFFECTIVE DATE: October 1, 2016

COMMITTEE ACTION

Banking Committee

Joint Favorable Substitute

Yea

18

Nay

0

(03/15/2016)