Cash Consumer Protection Act Law and Legal Definition
Cash Consumer Protection Act provides that there cannot be a refusal of property to be sold or rented to a person because a person does not have a credit card.
If the consumer does not have a credit card, the person providing the consumer with property or services may demand reasonable security from him/her to secure payment.
Reasonable security can be in the form of cash. The amount requested must be reasonably related to the value of the property or services to be provided. It is unlawful to ask for an unreasonable or excessive amount of security.
The following is an example of a state statute that states the refusal to provide property is prohibited.
73 P.S. § 204-3 states that it shall be unlawful for any person to refuse to rent or sell property or services to any individual for the reason that the individual does not possess a credit card. Nothing in this section requires the acceptance of any particular form of payment.
