520-C – Credit Information.
§ 520-c. Credit information. 1. The department of financial services shall establish a telephone number and an area on its website, or provide a link on such site to other websites with a toll-free telephone number service at which customers may obtain information on annual percentage rates, annual fees, per-transaction charges, late payment fees, overlimit […]
520-D – Unsolicited Convienence Checks.
§ 520-d. Unsolicited convenience checks. 1. As used in this section, the following terms shall have the following meanings: (a) “check” means any negotiable instrument, as defined by section 3-104 of the uniform commercial code, that has imprinted on it the holder’s name and the depository institution’s name, location, and routing number. (b) “unsolicited check” […]
520-E – Grace Period for Use of Credit Card Reward Points.
* § 520-e. Grace period for use of credit card reward points. 1. As used in this section, the following terms shall have the following meanings: (a) “credit card points” or “points” shall mean denominated units that can be accumulated in an account in connection with a credit card reward, loyalty, or other incentive program, […]
517 – Statements of Account.
§ 517. Statements of account. No agreement between the issuer and the holder shall contain any provision that a statement sent by the issuer to the holder shall be deemed correct unless objected to within a specified period of time. Any such provision is against public policy and shall be of no force or effect.
518 – Credit Card Surcharge Prohibited.
§ 518. Credit card surcharge prohibited. No seller in any sales transaction may impose a surcharge on a holder who elects to use a credit card in lieu of payment by cash, check, or similar means. Any seller who violates the provisions of this section shall be guilty of a misdemeanor punishable by a fine […]
518-A – Presentment of Social Security Number as Condition for Accepting a Check, Traveler’s Check, Gift Certificate, Money Order or Other Negotiable Instrume
§ 518-a. Presentment of social security number as condition for accepting a check, traveler’s check, gift certificate, money order or other negotiable instrument in payment of sales transaction prohibited. 1. No seller in any sales transaction shall record on a check, traveler’s check, gift certificate, money order, other negotiable instrument or attachment thereto, a social […]
519 – Disclosure by Commercial Establishments Honoring Credit Cards.
§ 519. Disclosure by commercial establishments honoring credit cards. 1. Any person who honors credit cards that may be used to purchase or lease property on the credit of the issuer or of the holder and requires a minimum purchase before accepting credit cards or refuses to allow the use of such card on discounted […]
520 – Application Forms or Solicitation for Credit Cards.
§ 520. Application forms or solicitation for credit cards. Any application form or preapproved written solicitation to enter into a credit card agreement for personal, family, or household purposes which is mailed to an individual residing in this state on or after January first, nineteen hundred eighty-eight, by or on behalf of a issuer, whether […]
520-A – Certain Credit and Debit Card Transaction Forms Required.
§ 520-a. Certain credit and debit card transaction forms required. 1. Any person, firm, partnership, association or corporation which issues forms used for credit or debit card transactions between the credit card or debit card holder and seller, shall only issue such credit or debit card forms, except for such forms utilized for a special […]
520-B – Secured Credit Cards.
§ 520-b. Secured credit cards. 1. If an issuer or any other person uses a 900 telephone number to solicit or market a secured credit card to an individual residing in this state, or otherwise advertises or promotes the availability of a secured credit card through use of a 900 telephone number to an individual […]