Plain English Breakdown
The source material confirms the intent to limit surcharges but does not provide the specific numerical cap or percentage allowed under this new law.
HB726: Limits on Credit Card Surcharges
This bill changes Georgia law to set a limit on the amount merchants can charge customers for using credit cards.
What This Bill Does
- Amends Code Section 10-1-393.3 of the Official Code of Georgia Annotated regarding merchant use of purchaser information.
- Limits the amount of surcharges charged by merchants when purchasers use credit cards.
Terms To Know
- Surcharges
- Extra fees added to a purchase price for using a specific payment method, such as a credit card.
- Official Code of Georgia Annotated (O.C.G.A.)
- The official collection of state laws in Georgia that this bill amends.
Limits and Unknowns
- The provided text does not specify the exact dollar amount or percentage limit set by this bill.
- The effective date is unknown as it was not listed in the source material.
- Details on how merchants must display these fees to customers are not included.