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Can you summarize FLCL 501.0117?
GENERAL PROVISIONS (ss. 501.001-501.1735) > Credit cards; transactions in which seller or lessor prohibited from imposing surcharge; penalty.
Short Summary
This legal document prohibits sellers or lessors from imposing a surcharge on buyers or lessees who choose to use a credit card for payment instead of cash, check, or similar means. The prohibition applies if the seller or lessor accepts payment by credit card. A surcharge refers to any additional amount imposed by the seller or lessor at the time of the transaction that increases the charge to the buyer or lessee for using a credit card. However, charges imposed under approved state or federal tariffs are not considered surcharges and are exempt from this prohibition. Additionally, a convenience fee imposed on students or families paying tuition, fees, or other student account charges by credit card to eligible institutions or private schools is not considered a surcharge if the fee does not exceed the total cost charged by the credit card company to the institution. The term ‘credit card’ includes cards with unpaid balances payable on demand. The document also allows sellers or lessors to offer discounts for payment by cash, check, or other means not involving credit cards, as long as the discount is offered to all prospective customers. Violation of this prohibition is considered a misdemeanor of the second degree, with penalties as provided in s. 775.082 or s. 775.083.
Whom does it apply to?
Sellers or lessors in sales or lease transactions
What does it govern?
Transactions in which seller or lessor prohibited from imposing surcharge
What are exemptions?
Charges imposed pursuant to approved state or federal tariffs, convenience fees imposed upon students or families paying tuition, fees, or other student account charges by credit card to eligible institutions or private schools if the amount does not exceed the total cost charged by the credit card company to the institution
What are the Penalties?
Misdemeanor of the second degree, punishable as provided in s. 775.082 or s. 775.083
Jurisdiction
Florida