Revising laws related to credit card transaction fees

SB 528 would allow landlords, property managers, merchants, vendors, creditors, and similar businesses to charge credit card transaction fees up to 3% of the transaction amount, but only if they clearly disclose the fee before the transaction completes. The bill directly affects these businesses and their customers by setting a legal cap on fees and requiring upfront transparency. Key provisions include a 3% maximum fee limit (unless otherwise agreed in a contract) and mandatory pre-transaction disclosure, while excluding debt collectors from these rules. The bill aims to standardize fee practices without creating new obligations beyond the specified cap and disclosure requirement.