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Synopsis As Introduced Amends the Electronic Fund Transfer Act. Provides that a person who sells or issues general use reloadable cards shall disclose, prior to sale or issuance of the card, any fees imposed by the issuer. Provides certain requirements for the disclosures. Makes other changes. Effective January 1, 2014.
Senate Committee Amendment No. 1 Replaces everything after the enacting clause. Amends the Electronic Fund Transfer Act. Provides that a person who sells or issues general use reloadable cards shall disclose, prior to sale or issuance of the card, any fees imposed by the issuer. Provides certain requirements for the disclosures. Makes other changes. Effective January 1, 2014.
House Committee Amendment No. 1 Makes changes concerning the standards for disclosure for issuers of general use reloadable cards. Makes changes concerning the types of disclosures that are required. Defines "card" to mean a general use reloadable card.
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