Texas Business and Commerce Code 604.052 – Fees or Charges That Decrease Unredeemed Balance of Card
Current as of: 2024 | Check for updates
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The issuer of a stored value card may impose or collect a periodic fee or other charge that causes the unredeemed balance of the card to decrease over time only if the fee:
(1) is reasonable;
(2) is not assessed until after the first anniversary of the date the card is sold or issued; and
(3) is disclosed as required by Subchapter C.