Title 15 — Commerce and TradeRelease 119-73not60
§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
If a seller (not the credit card company) takes back goods or cancels a charge for a purchase made with a credit card, the seller must quickly send a credit notice to the credit card company. The credit card company must then add that credit to the cardholder’s account for the amount of the purchase.
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 3, 2026
Release point: 119-73not60