Tennessee Code 47-22-405 – Termination by merchant for noncompliance with 47-22-404
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 47-22-405
- Contract: A legal written agreement that becomes binding when signed.
- 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. See Tennessee Code 47-22-401
- Merchant: means a person, located in this state, that is in the business of selling property or services and that accepts credit cards, debit cards, or other payment cards as payment for property or services sold. See Tennessee Code 47-22-401
- Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
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.