§ 6.2-424 Definitions
As used in this article, unless the context otherwise requires: “Cardholder” means the person or organization named on the face of a credit card to whom or for whose benefit the credit card was issued by an issuer. “Credit card” means any instrument or device, whether known as a credit card, credit plate, or by any other name, issued with or without fee by an issuer for the use of the cardholder in obtaining money, goods, services, or any other thing of value. “Issuer” means the business organization or financial institution or its duly authorized agent that issues a credit card. “Payment device” means any credit card, any “accepted card or other means of access” as defined in 15 U.S.C. § 1693a(1), or any card that enables a person to pay for transactions through the use of value stored on the card itself.
History
This law was first created in 1970. The record of its establishment is cataloged in chapter 324 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1970 “Acts” aren’t available online. It has been modified 1 time. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. That modification is as follows: in 2010, chapter 794.
1970, c. 324, § 11-30; 2010, c. 794.