2023 Regular Session
Overview
At the request of: | |
Chief Sponsors: | |
Regular Sponsors: | |
Bill Title: | Relating to requirements for retaining merchant funds past a certain period of time; prescribing an effective date. |
Catchline/Summary: | Prohibits merchant service company or financing agency from retaining funds that are property of merchant for more than 10 calendar days unless merchant service company or financing agency allows merchant access to funds, including ability to withdraw funds, or merchant service company or financing agency pays merchant statutory rate of interest on balance of funds retained. |
Chapter Number: | |
Fiscal Impact: | May Have Fiscal Impact, But No Statement Yet Issued |
Revenue Impact: | May Have Revenue Impact, But No Statement Yet Issued |
Measure Analysis: | Staff Measure Summary / Impact Statements |
Current Location: | In Senate Committee |
Current Committee: | Senate Committee On Finance and Revenue |
Current Subcommittee: | |
Subsequent Referral(s): |
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Potential Conflicts of Interest/Vote Explanations: | Potential Conflicts of Interest/Vote Explanation Documents |