§ 4-107-301. Legislative findings
The General Assembly finds, determines, and declares that: (1) Credit, particularly the use of credit cards, is an important tool for consumers in today’s economy; (2) Unscrupulous persons often fraudulently use the credit card accounts of others by stealing the credit card itself or obtaining the necessary information to fraudulently charge the purchase of goods […]
§ 4-107-302. Definitions
As used in this subchapter: (1) “Authorized user” means a person granted express, implied, or apparent authority to use a cardholder’s credit card or credit card number; (2) “Cardholder” means the named credit card account member and co-applicant who applies for or accepts the terms and conditions of a credit card account; (3) “Charges” means […]
§ 4-107-303. Printing card number on receipts
(a) No person, firm, partnership, association, corporation, limited liability company, or other entity accepting credit cards for the transaction of business shall print more than the last five (5) digits of the credit card account number, the credit card expiration date, or both, on a credit card receipt to the cardholder. (b) (1) This section […]
§ 4-107-304. Acceptance of credit card agreement
The acceptance of the terms and conditions of a credit card account by a cardholder may be established as binding and enforceable by: (1) The written or electronic signature or other electronic record of acceptance by the cardholder; or (2) The use of the credit card account by the named credit card account member, any […]
§ 4-107-305. Liability
(a) A cardholder is personally liable for charges and interest incurred by the named credit card account member, any coapplicant, or any authorized user on the credit card account of the cardholder. (b) A cardholder is not liable for charges and interest incurred on the credit card account as a result of fraudulent activity by […]
§ 4-107-306. Amount owed
(a) A creditor may establish a presumption of correctness of its ownership of the credit card account and the amount of the charges and interest that is owed on a credit card account by: (1) Filing a copy of the credit card issuer’s final billing statement or charge-off statement; or (2) Filing a compilation of […]
§ 4-107-307. Interest rate
A creditor may establish the contracted interest rate for a credit card account by: (1) Documenting the acceptance of the terms and conditions that contain a stated or variable interest rate by a cardholder of the credit card account; or (2) Any billing statement generated by the credit card issuer that contains a stated or […]