Senate Bill No. introduced by J. Trebas aims to revise laws concerning credit card transaction fees by allowing landlords, property managers, merchants, vendors, creditors, and other parties to charge such fees. The bill stipulates that these fees cannot exceed 3% of the total transaction amount unless otherwise specified in a contract. Additionally, it mandates that any party intending to charge a credit card transaction fee must clearly disclose this fee to the consumer before the transaction is completed.

The bill also includes a provision stating that the new regulations do not apply to individuals engaged in debt collection. Furthermore, it establishes that the new section will be codified as part of Title 31, chapter 2, part 1 of the Montana Code. This legislative change aims to provide clarity and transparency in credit card transactions while regulating the fees that can be charged.