Title 47, Commercial Instruments And Transactions

(1) As used in this part, unless the context otherwise requires:(1) “Account” means the account between a card issuer and one (1) or more cardholders reflecting the outstanding balance of card transactions;(2) “Account agreement” means the contract between the card issuer and the…

(a) A cardholder may terminate a multiple-party account to which the cardholder is a party by:(1) Delivery to the issuer of written notice of termination, which shall include:(A) The account number;(B) The name(s) and current address(es) of all cardholders and card users on the a…

A cardholder's notice of termination is delivered to the issuer when received at the address designated in the card issuer's most recent billing statement for receipt of notices of billing errors, or, if no such address is designated, at the address designated therein for receipt…

(a) 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 …

(1) As used in this part:(1) “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 rep…

(a) 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 cred…

(1) As used in this part:(1) “Agreement” means a contract to provide payment services;(2) “Bank holding company”:(A) Has the same meaning as defined in 12 U.S.C. § 1841;(B) Includes any subsidiaries or affiliates, as defined in 12 U.S.C. § 1841, of a bank holding company; and(C) …

(1) Any payment acquirer that contracts directly with a merchant to provide payment services shall:(1) 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 mer…

(a) 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…

(a) 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 con…

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.