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Texas Business and Commerce Code - BUS & COM § 604.052. Fees or Charges That Decrease Unredeemed Balance of Card

Current as of January 01, 2024 | Updated by FindLaw Staff

The issuer of a stored value card may impose or collect a periodic fee or other charge that causes the unredeemed balance of the card to decrease over time only if the fee:

(1) is reasonable;

(2) is not assessed until after the first anniversary of the date the card is sold or issued; and

(3) is disclosed as required by Subchapter C.

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Cite this article: FindLaw.com - Texas Business and Commerce Code - BUS & COM § 604.052. Fees or Charges That Decrease Unredeemed Balance of Card - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-and-commerce-code/bus-com-sect-604-052/

Read this complete Texas Business and Commerce Code - BUS & COM § 604.052. Fees or Charges That Decrease Unredeemed Balance of Card on Westlaw. Westlaw subscription required.

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