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15 U.S.C. § 1666eNotification of credit card issuer by seller of return of goods, etc., by obligor; credit for account of obligor

submitted 52 years ago by Pub. L. 90-321 to r/title-15-COMMERCE-AND-TRADE · 87 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

With respect to any sales transaction where a credit card has been used to obtain credit, where the seller is a person other than the card issuer, and where the seller accepts or allows a return of the goods or forgiveness of a debit for services which were the subject of such sale, the seller shall promptly transmit to the credit card issuer, a credit statement with respect thereto and the credit card issuer shall credit the account of the obligor for the amount of the transaction.

Source credit: (Pub. L. 90–321, title I, § 166, as added Pub. L. 93–495, title III, § 306, Oct. 28, 1974, 88 Stat. 1514.)

history & why it existsrecord from the source credit
  • 1974Enacted · Pub. L. 90-321 · 88 Stat. 1514

A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-321 on 1974-10-28.

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