15 U.S.C. § 1666e

§1666e. Notification of credit card issuer by seller of return of goods, etc., by obligor; credit for account of obligor

Edition 2023

U.S.C. Title 15 - COMMERCE AND TRADE
15 U.S.C.

United States Code, 2023 Edition

Title 15 - COMMERCE AND TRADE

CHAPTER 41 - CONSUMER CREDIT PROTECTION

SUBCHAPTER I - CONSUMER CREDIT COST DISCLOSURE

Part D - Credit Billing

Sec. 1666e - Notification of credit card issuer by seller of return of goods, etc., by obligor; credit for account of obligor

From the U.S. Government Publishing Office, www.gpo.gov

§1666e. Notification of credit card issuer by seller of return of goods, etc., by obligor; credit for account of obligor

With respect to any sales transaction where a credit card has been used to obtain credit, where the seller is a person other than the card issuer, and where the seller accepts or allows a return of the goods or forgiveness of a debit for services which were the subject of such sale, the seller shall promptly transmit to the credit card issuer, a credit statement with respect thereto and the credit card issuer shall credit the account of the obligor for the amount of the transaction.

(Pub. L. 90–321, title I, §166, as added Pub. L. 93–495, title III, §306, Oct. 28, 1974, 88 Stat. 1514.)

Official source