                                 CODE OF VIRGINIA

COMMERCIALLY REASONABLE SECURITY PROCEDURES FOR ELECTRONIC FUND TRANSFERS (§
59.1-553)

Use of an identity credential or identity attribute shall satisfy any
requirement for a commercially reasonable security or attribution procedure in
Title 8.4A, the Uniform Electronic Transactions Act (§ 59.1-479 et seq.), and
the Uniform Computer Information Transactions Act (§ 59.1-501.1 et seq.),
provided that the identity credential or identity attribute was issued or
assigned in accordance with (i) the Commonwealth&#8217;s identity management
standards in place at the time of issuance or assignment, (ii) the terms of any
contractual agreement, and (iii) any written rules and policies of the identity
trust framework or federation of which the issuer is a member.

HISTORY: 2015, cc. 482, 483; 2020, c. 736.