CONSUMER LATE PAYMENT ACT
Synopsis of Bill as introduced:
Creates the Consumer Late Payment Act. In the case of a payment
for specified types of services provided to consumers, prohibits a
business from charging a late payment fee or penalty of more than 1.5%
if the business receives the payment within 5 days of the due date.
Provides that a violation of the Act is a petty offense.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status