By Mr. Atsalis of Barnstable, petition (accompanied by bill, House, No. 899) of Demetrius J. Atsalis relative to credit card fees.  Financial Services.

 

The Commonwealth of Massachusetts

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PETITION OF:

 


Demetrius J. Atsalis

 

 


 

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In the Year Two Thousand and Seven.

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 An Act relative to credit card fees.

 

    Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:


 

SECTION 1.  Section 4 of chapter 140D of the General Laws, as

 

appearing in the 2004 Official Edition, is hereby amended

 

by inserting after (7), (2), (b), (ii),  the following:—

 

(3) Fees and amounts imposed by a creditor will be

 

credited for that day at the customary and traditional

 

hourly closing time of business