Amendment #566 to H3400

Consumer Protection from Excessive Charge Card Fees

Mr. Boldyga of Southwick moves to amend the bill by adding the following section:

SECTION XXX.  Section 1.  Section 12H of chapter 255, as appearing in the 2010 Official Edition, is hereby amended by inserting after the sixth paragraph, the following paragraph:

No card issuer under a charge card agreement may assess a fee, charge or penalty upon a cardholder for payments made via telephone regardless of the status of the cardholder’s account, including without limitation accounts that are delinquent or otherwise past due.

Section 2.  Section 114B of chapter 140, as appearing in the 2010 Official Edition, is hereby amended by adding the following sentence:

Finance charges on loans made pursuant to any open-end credit plan as defined by section 1 of chapter 140D shall not include any fees, charges or penalities for payments made via telephone regardless of the status of the card issuer under a charge card agreement may assess a fee, charge, or penalty upon a cardholder for payments made via telephone regardless of the status of the cardholder’s account, including without limitation accounts that are delinquent or otherwise past due.