Massachusetts bill H5138 mandates rounding of transaction amounts for payments made with legal tender.

Massachusetts bill H5138 amends the General Laws to establish rules for rounding transaction amounts when paid with legal tender. Specifically, it requires rounding down to the nearest multiple of five cents for transactions ending in 1, 2, 6, or 7 cents, and rounding up for those ending in 3, 4, 8, or 9 cents. Exceptions apply for transactions totaling $0.01 or $0.02. The Office of Consumer Affairs and Business Regulation is tasked with ensuring businesses provide adequate notice to buyers regarding these payment practices.

Massachusetts bill H5138 mandates rounding of transaction amounts for payments made with legal tender.

Massachusetts bill H5138 amends the General Laws to establish rules for rounding transaction amounts when paid with legal tender. Specifically, it requires rounding down to the nearest multiple of five cents for transactions ending in 1, 2, 6, or 7 cents, and rounding up for those ending in 3, 4, 8, or 9 cents. Exceptions apply for transactions totaling $0.01 or $0.02. The Office of Consumer Affairs and Business Regulation is tasked with ensuring businesses provide adequate notice to buyers regarding these payment practices.