Bill Type
Congress Name
Long Title
AN ACT PROHIBITING MERCHANDISING STORES FROM CHARGING MORE THAN THE RETAIL PRICE OF GOODS PURCHASED WITH CREDIT CARDS AND PRESCRIBING PENALTIES FOR ANY VIOLATION THEREOF
Date filed
July 7, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB01253 |
| FULL TITLE : AN ACT PROHIBITING MERCHANDISING STORES FROM CHARGING MORE THAN THE RETAIL PRICE OF GOODS PURCHASED WITH CREDIT CARDS AND PRESCRIBING PENALTIES FOR ANY VIOLATION THEREOF |
| ABSTRACT : This bill declares it unlawful for any merchandising store to charge customers with more than the actual retail price of the goods purchased when such purchase is done with the use of a credit card. Imposes a punishment of 6 months to 1 year imprisonment or a fine of P20,000 to P100,000. |
| PRINCIPAL AUTHOR/S : LAGMAN, EDCELC. |
| DATE FILED : 2004-07-07 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Magtubo (010 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON TRADE AND INDUSTRY ON 2004-08-02 |
Abstract
This bill declares it unlawful for any merchandising store to charge customers with more than the actual retail price of the goods purchased when such purchase is done with the use of a credit card. Imposes a punishment of 6 months to 1 year imprisonment or a fine of P20,000 to P100,000.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.