2025 -- H 5831 | |
======== | |
LC001945 | |
======== | |
STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2025 | |
____________ | |
A N A C T | |
RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- | |
SENIOR SAVINGS PROTECTION ACT | |
| |
Introduced By: Representatives Hopkins, Place, Roberts, J. Brien, Bennett, Corvese, and | |
Date Introduced: February 28, 2025 | |
Referred To: House Corporations | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Chapter 6-40.1 of the General Laws entitled "Senior Savings Protection Act |
2 | [Effective January 1, 2025.]" is hereby amended by adding thereto the following section: |
3 | 6-40.1-2.1. Senior discounts. |
4 | Any person or business engaged in the sale of goods or services, who offers a discount to |
5 | its customers for utilizing automatic payment systems, via an automated clearinghouse (ACH) or |
6 | an electronic funds transfer (EFT) or similar payment systems, shall provide the same discount to |
7 | any person who is sixty-five (65) years of age or older who makes a payment using paper checks. |
8 | SECTION 2. This act shall take effect upon passage. |
======== | |
LC001945 | |
======== | |
| |
EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- | |
SENIOR SAVINGS PROTECTION ACT | |
*** | |
1 | This act would require any person or business engaged in the sale of goods or services, and |
2 | who offers a discount to its customers for utilizing automatic payment systems, via ACH or EFT |
3 | or similar payment systems, provide the same discount to any person who is sixty-five (65) years |
4 | of age or older who makes a payment using paper checks. |
5 | This act would take effect upon passage. |
======== | |
LC001945 | |
======== | |
| LC001945 - Page 2 of 2 |