This act [56-4-1 to 56-4-4 NMSA 1978] may be cited as the “Credit Card Act”. History: 1953 Comp., § 50-19-1, enacted by Laws 1971, ch. 154, § 1. ANNOTATIONS Cross references. — For criminal provisions, see 30-16-25 to 30-16-38 NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. — Credit card issuer’s liability, under state […]
As used in the Credit Card Act: A. “adequate notice” means a printed notice to a cardholder which sets forth the pertinent facts clearly and conspicuously so that a person against whom it is to operate could reasonably be expected to have noticed it and understood its meaning; notice may be given to a cardholder […]
No credit card shall be issued except in response to a request or application for it. This prohibition does not apply to the issuance of a credit card in renewal of, or in substitution for, an accepted credit card. History: 1953 Comp., § 50-19-3, enacted by Laws 1971, ch. 154, § 3. ANNOTATIONS Am. Jur. […]
A person who accepts a credit card from a cardholder shall not issue a receipt that lists more than five numbers from the cardholder’s credit card account number. History: Laws 2003, ch. 169, § 4. ANNOTATIONS Effective dates. — Laws 2003, ch. 169, § 5 made Laws 2003, ch. 169, § 4 effective January 1, […]
A. A cardholder is liable for the unauthorized use of a credit card only if: (1) the card is an accepted credit card; (2) the liability is not in excess of fifty dollars ($50.00); (3) the card issuer has provided the cardholder with a toll-free number or other convenient, no-cost method of notifying the card […]
