SB 505 Creates penalties for imposing certain fees by a credit card issuer
Sponsor: Dougherty Co-Sponsor(s)
LR Number: 1882S.01I Fiscal Note:
Committee: Judiciary and Civil & Criminal Jurisprudence
Last Action: 3/3/2005 - Second Read and Referred S Judiciary and Civil & Criminal Jurisprudence Committee Journal Page: S362
Title: Calendar Position:
Effective Date: August 28, 2005

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Current Bill Summary

SB 505 - The act makes it a misdemeanor for any credit card issuer to charge any fees or increase any rates for a holder when the holder owes or fails to make timely payments to any other creditor.