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NTL 2015-N02 - Limitations on Credit Card Collection Transactions and Policy for Splitting Transactions

Document/Panel Number
NTL 2015-N02
Body

Effective June 1, 2015, the U.S. Treasury lowered the maximum dollar amount allowed for a credit card collection.  The maximum amount that can be charged to a credit cared in one day has been lowered from $49,999.99 to $24,999.99; this change affects Pay.gov credit card payments.  The ACH (electronic check) remittance is to be used for payments greater than $24,999.99.

Lowers amount that can charged on credit card transactions for purposes of paying fees to BSEE.

Document Type
Document Collection
Issued Date
Publication Date
NTL Status
Active
NTL Category
General Requirements