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Can you summarize Pub. L. 110-241?
Public Laws of 110th Congress (2007 - 2008) > Credit and Debit Card Receipt Clarification Act of 2007
Short Summary
The Credit and Debit Card Receipt Clarification Act of 2007, also known as Public Law 110-241, amends the Fair Credit Reporting Act. The purpose of this Act is to clarify the definition of willful noncompliance with respect to violations involving the printing of an expiration date on certain credit and debit card receipts. The Act states that no person that accepts credit cards or debit cards for the transaction of business shall print more than the last 5 digits of the card number or the expiration date upon any receipt provided to the cardholder at the point of sale or transaction. The Act clarifies that any person who printed an expiration date on a receipt between December 4, 2004, and the date of the enactment of this Act, but otherwise complied with the requirements of section 605(g) of the Fair Credit Reporting Act, shall not be in willful noncompliance with section 605(g) by reason of printing such expiration date on the receipt. The Act applies to any action brought for a violation of section 605(g) of the Fair Credit Reporting Act, regardless of whether the action is brought before or after the date of the enactment of this Act.
Whom does it apply to?
Persons that accept credit cards or debit cards for the transaction of business
What does it govern?
Amend the Fair Credit Reporting Act to make technical corrections to the definition of willful noncompliance with respect to violations involving the printing of an expiration date on certain credit and debit card receipts
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
U.S. Federal Government