Can I have my original charge reversed after a successful dispute?
Yes, if you have successfully won a dispute on your credit card statement in Rhode Island, you can have your original charge reversed. According to the Rhode Island Credit Card Dispute Resolution Law, any disputed charges on your credit card statement that are successfully disputed must be promptly and completely reversed. This means that the balance associated with the disputed charge must be fully refunded to you by either the merchant or the credit card issuer. Additionally, the charge must be removed from your account and any fees or penalties associated with the charge must also be waived. The law also requires that the credit card issuer or merchant inform you of the results of the dispute in a timely manner, including when the charge was reversed or the credit was issued. The credit card issuer or merchant is also required to provide you with a written explanation of the rights granted to you by the Rhode Island Credit Card Dispute Resolution Law. In conclusion, if you have successfully won a dispute on your credit card statement in Rhode Island, you can have your original charge reversed and all associated fees and penalties waived. Furthermore, you are entitled to written notification of the charge reversal, as well as a written explanation of your rights under the Credit Card Dispute Resolution Law.
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