The Vermont Statutes Online
Commerce and Trade
PREVENTION OF CREDIT CARD COMPANY UNFAIR BUSINESS PRACTICES
following penalties shall apply to violations of this subchapter:
electronic payment system found to have violated section 2480p of this
subchapter shall reimburse all affected merchants for all fines related to the prohibitions
described in section 2480p of this subchapter which were collected from
affected merchants directly or through any agent, processor, or member of the
system during the period of time in which the electronic payment system was in
violation and shall be liable for a civil penalty of $10,000.00 per fine levied
in violation of section 2480p of this subchapter.
(2) Any merchant
whose rights under this subchapter have been violated may maintain a civil
action for damages or equitable relief as provided for in this section,
including attorney's fees, if any.
(3) A violation
of section 2480p of this subchapter shall be deemed a violation of section 2453
of this title. The Attorney General has the same authority to conduct civil
investigations, enter into assurances of discontinuance, and bring civil
actions as provided under subchapter 1 of this chapter.
penalties shall not apply to entities acting exclusively as agents, processors,
or members that are not electronic payment systems. (Added 2009, No. 116 (Adj.
Sess.), § 2, eff. Jan. 1, 2011; amended 2011, No. 109 (Adj. Sess.), § 2, eff.
May 8, 2012; 2011, No. 136 (Adj. Sess.), § 1a, eff. May 18, 2012.)