RECEIPT INFO./SOCIAL SECURITY NO. - S.B. 220 (S-2): FLOOR ANALYSIS
sans-serif">Senate Bill 220 (Substitute S-2 as reported)
Committee: Economic Development, Small Business and Regulatory Reform
CONTENT
The bill would amend the Michigan Consumer Protection Act to prohibit as an unfair trade practice issuing or delivering to a consumer a receipt that displayed any part of a credit or debit card’s expiration date or more than the last four digits of the consumer’s account number, if a credit card or debit card were used for payment in a consumer transaction. This prohibition would not apply if the only receipt issued were one on which the account number or expiration date was handwritten, mechanically imprinted, or photocopied.
The prohibition would apply to any consumer transaction that occurred on or after the bill’s effective date. If a credit or debit card receipt were printed by an electronic device, however, the prohibition would apply to a transaction that occurred using that device only after one of the following dates, as applicable:
-- If the electronic device were placed in service after the bill’s effective date, 60 days after that date or the date the device was placed in service, whichever was later.
-- July 1, 2006, if the electronic device were in service on or before the bill’s effective date.
The bill also would prohibit as an unfair trade practice requiring a consumer to disclose his or her Social Security number as a condition to selling goods or providing a service to the consumer, unless the transaction included an extension of credit to the consumer or disclosure was required by State or Federal law.
MCL 445.903 - Legislative Analyst: Patrick Affholter
FISCAL IMPACT
The bill would have an indeterminate impact on the State and local units of government. Enforcement costs and penalty revenue would depend on the number of violators under the bill.
Date Completed: 11-17-03 - Fiscal Analyst: Bill BowermanFloor\sb220 - Bill Analysis @ www.senate.michigan.gov/sfa
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.