Iowa Admin. Code r. 781-8.5

Current through Register Vol. 47, No. 8, October 30, 2024

Rule 781-8.5 - Adjustments for convenience fees

If a state department is allowed to charge its customers a convenience fee under the credit card processing contract, then the following shall apply:

1. The treasurer shall consult with the state department to assist in determining the amount by which the department's fees may be adjusted to reflect the cost of credit card processing.

2. The state department shall follow all credit card associations' rules on how and when a convenience fee may be charged.

3. The treasurer shall notify state departments of any changes in the credit card associations' rules on convenience fees.

Iowa Admin. Code r. 781-8.5

ARC 9100B, lAB 9/22/10, effective 10/27/10