Senate File 57 - Introduced



                                       SENATE FILE       
                                       BY  BOLKCOM


    Passed Senate, Date               Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act providing restrictions on the information contained on
  2    electronically printed credit card receipts, and providing a
  3    penalty.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 1441SS 82
  6 rn/je/5

PAG LIN



  1  1    Section 1.  NEW SECTION.  537.8102  ELECTRONICALLY PRINTED
  1  2 CREDIT CARD RECEIPTS == RESTRICTIONS == PENALTY.
  1  3    1.  Except as provided in this section, on or after July 1,
  1  4 2009, a seller who regularly engages as a seller in credit
  1  5 transactions of the same kind, who accepts credit cards for
  1  6 the transaction of business, and who electronically prints
  1  7 receipts for such credit card transactions shall not print on
  1  8 the receipt provided to the purchaser more than the last five
  1  9 digits of the credit card account number nor print on the
  1 10 receipt provided to the purchaser the expiration date of the
  1 11 credit card.  This section shall not apply to a credit card
  1 12 transaction in which the sole means of recording the
  1 13 purchaser's credit card number is by handwriting or by an
  1 14 imprint or copy of the credit card.
  1 15    2.  A seller who violates the provisions of this section is
  1 16 guilty of a serious misdemeanor.
  1 17                           EXPLANATION
  1 18    This bill places restrictions on the information contained
  1 19 on electronically printed credit card receipts.  The bill
  1 20 provides that on or after July 1, 2009, a seller who regularly
  1 21 engages as a seller in credit transactions of the same kind,
  1 22 who accepts credit cards, and who electronically prints
  1 23 receipts for such credit card transactions, shall not print on
  1 24 the receipt provided to the purchaser more than the last five
  1 25 digits of the purchaser's credit card account number or the
  1 26 expiration date of the credit card.  The bill provides,
  1 27 however, that the restrictions shall not apply to a credit
  1 28 card transaction in which the sole means of recording the
  1 29 purchaser's credit card number is by handwriting or by an
  1 30 imprint or copy of the credit card.
  1 31    The bill specifies that a violation of the restrictions is
  1 32 a serious misdemeanor.  A serious misdemeanor is punishable by
  1 33 confinement for no more than one year and a fine of at least
  1 34 $315 but not more than $1,875.
  1 35 LSB 1441SS 82
  2  1 rn:nh/je/5