Relating to requirements for retaining merchant funds past a certain period of time; prescribing an effective date.

Prohibits merchant service company or financing agency from retaining funds that are property of merchant for more than 10 calendar days unless merchant service company or financing agency allows merchant access to funds, including ability to withdraw funds, or merchant service company or financing agency pays merchant statutory rate of interest on balance of funds retained. Punishes violation of Act as unlawful practice under Unlawful Trade Practices Act. Takes effect on 91st day following adjournment sine die.