Current through the 2024 legislative session
Section 6-3-801 - Definitions(a) As used in this article: (i) "Credit card" means an identification card or device issued by a business organization authorizing the person to whom issued to purchase or obtain property or services on credit.(ii) "Charge card" means an identification card or device issued by a business organization authorizing the person to whom issued to purchase or obtain property or services on credit for which the balance of the card must be paid when a statement is issued;(iii) "Debit card" means an identification card or device issued by a business organization with or without fee for the use of a person to withdraw funds or obtain property or services, payment of which is made against funds previously deposited in an account with the issuer of the identification card or device.Amended by Laws 2023, ch. 56,§ 1, eff. 7/1/2023.