§ 47-22-302. Records That Are Considered Records of Regularly Conducted Activity for Evidentiary Purposes
A creditor’s records shall include, but are not limited to, written or electronic records of an original creditor, issuer, or succeeding creditor that have been acquired by the creditor through a contractual agreement, an account purchase transaction or assignment in the creditor’s regularly conducted business and such records are: Incorporated as a business duty into […]
§ 47-22-401. Part Definitions
As used in this part: “Agreement” means a contract to provide payment services; “Bank holding company”: Has the same meaning as defined in 12 U.S.C. § 1841; Includes any subsidiaries or affiliates, as defined in 12 U.S.C. § 1841, of a bank holding company; and Includes any federal credit union or state credit union, as […]
§ 47-22-402. Information Required to Be Provided by Payment Acquirer Contracting Directly With Merchant to Provide Payment Services
Any payment acquirer that contracts directly with a merchant to provide payment services shall: Provide the merchant with information indicating where the merchant may obtain access to the operating rules, regulations, and bylaws applicable under the agreement with the merchant; provided, however, nothing in this subdivision (1) shall require access by the merchant to information […]
§ 47-22-403. Remedies of Merchant for Noncompliance by Payment Acquirer
If a payment acquirer fails to comply with § 47-22-402, the merchant may terminate the agreement; provided, however, prior to terminating the agreement, the merchant shall provide the payment acquirer written notice of the payment acquirer’s failure to comply with § 47-22-402. The notice required by this subsection (a) shall specify the information the merchant […]
§ 47-22-404. Information to Be Included in Contract Between Payment Processor and Merchant Leasing Payment Card Processing Devices
Except as otherwise provided in subsection (b), any person that contracts with a merchant to lease a device that enables credit card, debit card, or other payment card processing shall ensure that the written contract between the payment processor and merchant clearly and conspicuously includes the following information: The cost to lease the device on […]
§ 47-22-405. Termination by Merchant for Noncompliance With § 47-22-404
If a person fails to comply with § 47-22-404, the merchant may terminate the contract with the person to lease a device that enables credit card, debit card, or other payment card processing.
§ 47-22-204. Effect of Termination of Account — Effective Date — Liability
Termination by a cardholder of an account is effective on the second business day (as to the card issuer) following delivery to the issuer of the notice of termination or on such later date as is specified in the notice. From and after termination, no cardholder or card user may initiate transactions under the account, […]
§ 47-22-301. Part Definitions
As used in this part: “Account purchase transaction” means an agreement under which a commercial entity sells accounts, instruments, documents, or chattel paper to another commercial entity subject to a discount or fee, regardless of whether the commercial entity has a repurchase obligation related to the transaction; “Acquired” means the obtaining of business records, a […]
§ 47-22-101. Part Definitions
As used in this part, unless the context otherwise requires: “Credit card” means any card, token, or similar identification device which is issued for the purpose of obtaining money, services, or merchandise pursuant to a credit arrangement; “Person” means any individual, corporation, agency, business association, or similar group; “Unauthorized use of a credit card” means […]
§ 47-22-102. Unsolicited Credit Card — Effect
If an unsolicited credit card is issued to any person in this state, such person shall not be deemed as having accepted the credit card and being subject to the terms of the agreement governing the use of the credit card, and shall not be liable for its unauthorized use by failing to return the […]