15 U.S.C. · Commerce and Trade
15 U.S.C. § 1666e

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

Ch. 41 — CONSUMER CREDIT PROTECTION
Title 15 U.S.C. ● ACTIVE Primary Source Ch. 41
Statutory Text

15 U.S.C. § 1666e — Notification of credit card issuer by seller of return of goods, etc., by obligor; credit for account of obligor

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.)

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 15 U.S.C. § 1666e is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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