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Texas Business & Commerce Code

§ 604.051 — FEES AND CHARGES RELATED TO ISSUANCE AND HANDLING OF CARD

BC § 604.051Title 12. RIGHTS AND DUTIES OF CONSUMERS AND MERCHANTS · Ch. 604. SALE OR ISSUANCE OF STORED VALUE CARD · Art. B. PERMISSIBLE FEES

Statute text

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If disclosed as required by Subchapter C, the issuer of a stored value card may impose and collect a reasonable:
(1)handling fee in connection with the issuance of or adding of value to the card;
(2)access fee for a card transaction conducted at an unmanned teller machine, as defined by Section 59.301, Finance Code; and
(3)reissue or replacement charge if an expired or lost card is reissued or replaced.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.

Source: Texas Business & Commerce Code § 604.051 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.