Title 15 — Commerce and TradeRelease 119-73
§1666e Notification of credit card issuer by seller of return of goods, etc., by obligor; credit for account of obligor
Title 15 › Chapter CHAPTER 41— - CONSUMER CREDIT PROTECTION › Subchapter SUBCHAPTER I— - CONSUMER CREDIT COST DISCLOSURE › Part Part D— - Credit Billing › § 1666e
Summary
If a purchase was made with a credit card and the store (not the card company) takes back the item or cancels the charge, the store must quickly send a notice to the credit card company. The credit card company must then put the same amount back on the cardholder’s account.
Full Legal Text
Title 15, §1666e
Commerce and Trade — Source: USLM XML via OLRC
With respect to any sales transaction where a credit card has been used to obtain credit, where the seller is a person other than the card issuer, and where the seller accepts or allows a return of the goods or forgiveness of a debit for services which were the subject of such sale, the seller shall promptly transmit to the credit card issuer, a credit statement with respect thereto and the credit card issuer shall credit the account of the obligor for the amount of the transaction.
Reference
Citations & Metadata
Citation
15 U.S.C. § 1666e
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73