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Can you summarize NHRS Chapter 358-M?
TRADE AND COMMERCE (Chapters 333 - 359-U) > MERCHANT'S CHECK ACCEPTANCE POLICIES
Short Summary
The provided legal document content pertains to the Merchant’s check acceptance policies in the New Hampshire Revised Statutes. According to this provision, it is prohibited to require a credit card number or expiration date as a condition for accepting a check or share draft. However, a purchaser may be requested to display a credit card for creditworthiness or additional identification purposes, but only the type of credit card and issuer information can be recorded. The provision does not mandate acceptance of a check or share draft, regardless of whether a credit card is presented. It also does not prohibit requesting or receiving a credit card number or expiration date for securing payment in case of default, loss, damage, or other occurrences. The provision states that employees acting in accordance with their employer’s directions are not liable under this section. The provision was enacted in 1991 and became effective on January 1, 1992.
Whom does it apply to?
Persons or businesses accepting checks or share drafts
What does it govern?
Merchant's check acceptance policies
What are exemptions?
None mentioned
What are the Penalties?
None mentioned
Jurisdiction
New Hampshire