Banking Committee
AN ACT CONCERNING CREDIT AND DEBIT HOLDS
SUMMARY: This act requires gas stations and convenience stores that accept credit or debit card payments for the retail sale of gasoline to provide notice to the customer if they or a third party will place a hold on a credit or debit card payment that is for an amount larger than the actual retail gasoline purchase. 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
OLR Tracking: MK; DC; MS; cmg