Title 15, Commerce and TradeRelease 119-102
§1666e Notification of Credit Card Issuer by Seller of Return of Goods, Etc., by Obligor; Credit for Account of Obligor
Title 15 › CHAPTER 41 — CONSUMER CREDIT PROTECTION › SUBCHAPTER I — CONSUMER CREDIT COST DISCLOSURE › Part D — Credit Billing › § 1666e
Summary
When a seller (not the card issuer) accepts a return or cancels a credit‑card charge, the seller must quickly tell the card issuer, and the issuer must credit the cardholder’s account for that amount.
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
Aug 21, 2026
Release point: 119-102