Can you summarize 9 VTST Chapter 63, Subchapter 4?

Short Summary

This legal document governs the prevention of credit card company unfair business practices under the Vermont Statutes. It applies to electronic payment systems and merchants in Vermont. Entities acting exclusively as agents, processors, or members that are not electronic payment systems are exempt from these penalties. The penalties for violations include reimbursement of fines to affected merchants, a civil penalty of $10,000.00 per fine levied, and the ability for merchants to maintain a civil action for damages or equitable relief.

Whom does it apply to?

Electronic payment systems, merchants in Vermont

What does it govern?

Prevention of credit card company unfair business practices

What are exemptions?

Entities acting exclusively as agents, processors, or members that are not electronic payment systems

What are the Penalties?

Reimbursement of fines to affected merchants, a civil penalty of $10,000.00 per fine levied, ability for merchants to maintain a civil action for damages or equitable relief

Jurisdiction

Vermont

Source

9 VTST Chapter 63, Subchapter 4 [https://reggi.cloud.regology.com/regulations/US-VTST/US-VTST_T_9_C_63_SC_4]

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