SPONSOR: Durnell
This bill establishes provisions that an establishment offering goods or services for sale must accept United States currency, including Federal Reserve notes, from the buyer to purchase said goods or services.
This provision does not apply to:
(1) Gas stations that have unattended or self-service systems and do not have on-site personnel to accept cash payments;
(2) A retail transaction that requires a security deposit or credit card number for incidentals or damages;
(3) A retail establishment that uses a device to convert a consumer's cash into a prepaid card that allows the consumer to complete a transaction at the retail establishment, as specified;
(4) A bank or credit union; or
(5) A retail establishment with more than one point of sale at a single address as long as one or more points of sale at the address accept United States currency.
This bill establishes a penalty of a class D misdemeanor or a fine of no more than $500 per transaction or attempted transaction for an establishment that fails to accept United States currency from a buyer.
Statutes affected: