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SB22-228

Retail Establishments Accept Cash Enforcement

Concerning the requirement that retail establishments accept United States currency.
Session:
2022 Regular Session
Subjects:
Business & Economic Development
Financial Services & Commerce
Bill Summary

Current law requires retail establishments to accept United States currency. One of the exceptions to the requirement is for security deposits. A violation of the requirement by a retail establishment is a civil infraction punishable by a fine of $250.

The bill exempts retail establishments in which the primary method of selling goods or services is through an automatic renewal contract and defines "retail establishment" and "security deposit". A violation by a retail establishment is made a deceptive trade practice, which means that the attorney general and each district attorney has enforcement authority under the "Colorado Consumer Protection Act". The attorney general is authorized to bring a civil and criminal action to enforce the provision.

(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed
Became Law

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. R. Rodriguez
Rep. A. Valdez

Sponsor

Co-sponsor


Rep. Y. Caraveo, Rep. E. Hooton, Rep. M. Lindsay, Rep. D. Ortiz, Rep. S. Woodrow