Official record
Measure details
- Jurisdiction
- Kentucky
- Session
- 2026RS
- Chamber
- lower
- Classification
- bill
- Subjects
- Banks And Financial Institutions, Commerce, Contracts, Loans, Credit, Interest, And Usury, Sales, Small Business, Trade Practices And Retailing
- Introduced / first action
- 2026-02-25 05:00:00
Source-supplied abstracts
Create a new section of KRS Chapter 365 to establish requirements for merchant processing agreements; prohibit credit card processors from assessing or charging a fee, fine, or penalty in certain circumstances; require credit card processors to make certain disclosures and comply with certain contracting requirements; establish penalties and exemptions; provide for construction of section; provide that Act applies to contracts entered on or after the effective date.