15 USC 1666e: Notification of credit card issuer by seller of return of goods, etc., by obligor; credit for account of obligor
Text contains those laws in effect on May 2, 2024
From Title 15-COMMERCE AND TRADECHAPTER 41-CONSUMER CREDIT PROTECTIONSUBCHAPTER I-CONSUMER CREDIT COST DISCLOSUREPart D-Credit Billing
Jump To: Source Credit
§1666e. Notification of credit card issuer by seller of return of goods, etc., by obligor; credit for account of obligor
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.
(