<?xml version='1.0' encoding='utf-8'?>
<section article="gcl" article_name="Commercial Law" number="12-1402" title_number="12" title_name="Credit Regulations" subtitle_number="14" subtitle_name="Credit Card Processors">
  <text>This subtitle does not apply to a merchant processing agreement between a credit card processor and a business entity:</text>
  <level label="1">
    <text>That may be terminated without assessment of fees, fines, penalties, or liquidated damages; or</text>
  </level>
  <level label="2">
    <text>If at the time of entry into the merchant processing agreement, the business entity employs 50 or more employees or reasonably estimates that it will generate more than $2,000,000 in credit card or electronic commerce transactions each year.</text>
  </level>
</section>
