BILL · 2001–02 SESSION

SB 6413: Credit cards/late payment

Limiting late payment charges.

Summary

  • No late fees may be assessed against a new account's initial invoice until the account is 45 days overdue. When assessing late fees, credit card and retail credit issuers must make reasonable allowances for disruption to the mail service, and must immediately remove disputed late fees from the account until the dispute is resolved.

From the Senate Bill Report (SB 6413), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 16, 2002
  2. Out of committeeFeb 4, 2002
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Georgia Gardner (D-42)
Introduced
January 16, 2002 in the Senate
Last action
February 28, 2002

AN ACT Relating to late payment charges;

Sponsors

Votes

No recorded floor votes.

History

  1. Senate Rules "X" file.
  2. LCF - Majority; do pass.
  3. Passed to Rules Committee for second reading.
  4. First reading, referred to Labor, Commerce & Financial Institutions.

SB 6413 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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