HB12-1020 - Nonacceptance US Cash Money

Postponed Indefinitely
Concerning The Legal Consequences Of A Creditor's Refusal To Accept United States Currency As Payment For Debts Of Less Than A Certain Amount.

For debts less than $5,000, the bill specifies that if any person to whom money is owed refuses to accept payment in the form of United States currency or coin, the person owing the money, at that person's option, may deduct from the amount owed, or demand from the person to whom the money is owed, a sum covering the cost of obtaining a medium of exchange acceptable to the person to whom the money is owed.

Latest update: February 2, 2012
02/02/2012 House Committee on State, Veterans, & Military Affairs Postpone Indefinitely
01/11/2012 Introduced In House - Assigned to State, Veterans, & Military Affairs