Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS AND COMMERCE CODE |
Title 12. RIGHTS AND DUTIES OF CONSUMERS AND MERCHANTS |
Chapter 604. SALE OR ISSUANCE OF STORED VALUE CARD |
Subchapter B. PERMISSIBLE FEES |
Sec. 604.051. FEES AND CHARGES RELATED TO ISSUANCE AND HANDLING OF CARD
Latest version.
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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.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 , Sec. 2.01, eff. April 1, 2009.