00                            SENATE BILL NO. 197                                                                         
01 "An Act requiring credit card issuers to recognize certain dates as dates of payment."                                  
02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
03    * Section 1. AS 45.45 is amended by adding a new section to read:                                                  
04            Sec. 45.45.940. Date of payment. Unless otherwise required by federal law                                  
05       and notwithstanding any other provision of law to the contrary, when a person who                                 
06       uses a credit card makes a payment on the credit card account by                                                  
07                 (1)  mail, the issuer of the credit card may not use a date later than the                              
08       postmark date on the mailed payment as the date when the issuer considers that the                                
09       payment was made;                                                                                                 
10                 (2)  computer, the issuer of the credit card may not use a date later than                              
11       the date the person completes the payment on the computer as the date when the issuer                             
12       considers that the payment was made;                                                                              
13                 (3)  telephone, the issuer of the credit card may not use a date later than                             
14       the date the person completes the payment on the telephone as the date when the issuer                            
15       considers that the payment was made.                                                                              

01    * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to                          
02 read:                                                                                                                   
03       APPLICABILITY. AS 45.45.940, added by sec. 1 of this Act, does not apply to a                                     
04 contract for the issuance of a credit card that is entered into before the effective date of this                       
05 Act if the contract contains a provision that conflicts with AS 45.45.940.