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Summary of Major Legislation

Summary of 2021 Financial Services and Commerce

Financial Services & Commerce

During the 2021 legislative session, the General Assembly considered measures to permit business to impose credit card surcharges, clarify when banks must use an appraiser to determine property value, and require businesses to accept cash for payment.

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details