130th MAINE LEGISLATURE
FIRST REGULAR SESSION-2021
Legislative Document No. 1119
S.P. 382 In Senate, March 22, 2021
An Act To Limit Credit Card Fees by Requiring Monthly Credit
Card Billing
Received by the Secretary of the Senate on March 18, 2021. Referred to the Committee on
Health Coverage, Insurance and Financial Services pursuant to Joint Rule 308.2 and ordered
printed.
DAREK M. GRANT
Secretary of the Senate
Presented by Senator MIRAMANT of Knox.
Cosponsored by Representative EVANGELOS of Friendship and
Senator: CHIPMAN of Cumberland, Representatives: DOUDERA of Camden, MATLACK of
St. George.
Printed on recycled paper
 1 Be it enacted by the People of the State of Maine as follows:
2 Sec. 1. 9-A MRSA §3-317 is enacted to read:
3 §3-317. Monthly billing for credit cards
4 The issuer of a credit card shall bill once per month a holder of a credit card who has a
5 balance due on that credit card. The issuer of a credit card may not bill more than once per
6 month such a holder. The issuer of a credit card that bills such a holder more than 12 times
7 in a calendar year forfeits the balance on that holder's credit card and may not report
8 negative information related to that forfeiture to a credit bureau.
9 SUMMARY
10 This bill requires the issuer of a credit card to bill once per month a holder of a credit
11 card who has a balance due on that credit card. The bill provides that the issuer of a credit
12 card may not bill more than once per month such a holder. The issuer of a credit card that
13 bills such a holder more than 12 times in a calendar year forfeits the balance on that holder's
14 credit card and may not report negative information related to that forfeiture to a credit
15 bureau.
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