CREDIT CARD RECEIPT INFORMATION - S.B. 220: COMMITTEE SUMMARY
sans-serif">Senate Bill 220 (as introduced 2-26-03)
Committee: Economic Development, Small Business and Regulatory Reform
CONTENT
The bill would amend the Michigan Consumer Protection Act to make it illegal to give a consumer a receipt showing a credit card’s or debit card’s expiration date, or more than the last four digits of the consumer’s account number, if the credit card or debit card were used for payment in a consumer transaction. Doing so would be an unfair, unconscionable, or deceptive method, act, or practice in the conduct of trade or commerce.
The Act lists unfair, unconscionable, or deceptive methods, acts, or practices in the conduct of trade or commerce that are unlawful. The Attorney General may bring an action to restrain a person who is or has engaged in unlawful acts or practices. The Act also provides for certain remedies and penalties.
MCL 445.903 - Legislative Analyst: George Towne
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.
- Fiscal Analyst: Bill BowermanS0304\s220sa
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.