SB 374

This bill would require a retailer who regularly sells goods at retail to a consumer in this state to display the refund policy of the retailer on the printed sales receipt of the retailer, under certain conditions

Relating to retailers; to require a retailer to display the refund policy of the retailer on printed sales receipt, under certain conditions.

Section 1

(a) For the purposes of this act, the following terms shall have the following meanings: (1) CONSUMER. Any natural person who buys goods at retail for personal, family, or household use. (2) RETAILER. A person, firm, or corporation who engages in the business of regularly selling goods at retail. (b) A retailer who sells goods at retail to a consumer in this state shall conspicuously display the refund policy of the retailer on the printed sales receipt of the retailer, which shall include all of the following: (1) Whether an exchange, a store credit, or a cash refund is offered. (2) Any limitations or restrictions on the types of goods that may not be exchanged, returned for store credit, or returned for a refund. (3) The applicable time period for an exchange, a store credit, or a cash refund. (4) Any other conditions which govern an exchange, a store credit, or a cash refund included in the policy of the retailer. (c) A retailer who violates this act shall be liable to the consumer for the amount of the purchase if the consumer returns, or attempts to return, the purchased goods on or before the 30th day after the purchase of the goods.

Section 2

This act shall become effective on the first day of the third month following its passage and approval by the Governor, or its otherwise becoming law.