§ 51-14.1-01 — Definition of credit cards and other terms and imposition of liability on cardholder

North Dakota § 51-14.1-01

• Jurisdiction: North Dakota
• Title 51: Sales and Exchanges
• Ch. 51-14.1: Credit Cards

Text

cardholder.
In this chapter, unless the context otherwise requires:
1. "Accepted credit card" means any credit card which the cardholder has requested in
writing or has signed or has used, or authorized another to use, for the purpose of
obtaining money, property, labor, or services on credit. A renewal credit card must be
deemed to be accepted if it is issued within one year after a prior card has been paid
for or used. A credit card issued in connection with a merger, acquisition, or the like of
card issuers or credit card services in substitution for an accepted credit card must be
deemed to be an accepted credit card.
2. "Adequate notice" means a writing which is conspicuous and which is printed on the
credit card or on each periodic statement.
3. "Card issuer" means any person who issues a credit card.
4. "Cardholder" means any person to whom a credit card is issued or any person who
has agreed with the card issuer to pay obligations arising from the issuance of a credit
card to another person.
5. "Conspicuous" means any term or clause which is so written that a reasonable person
against whom it is to operate ought to have noticed it.
6. "Credit card" means any card, plate, coupon book, or other credit device existing for
the purpose of obtaining money, property, labor, or services on credit.
7. "Unauthorized use" means a use of a credit card by a person other than the
cardholder who does not have actual, implied, or apparent authority for such use and
from which the cardholder receives no benefit.