Virginia Code 6.2-430: Place where transaction occurred; federal Fair Credit Billing Act
Current as of: 2023 | Check for updates
|
Other versions
Solely for the purpose of a buyer asserting claims and defenses pursuant to 15 U.S.C. § 1666i, a transaction shall be presumed to have occurred at the mailing address most recently provided by the cardholder to the card issuer, without regard to the location where the last act necessary for the formation of the contract between the cardholder and the party honoring the card took place.
Terms Used In Virginia Code 6.2-430
- 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. See Virginia Code 6.2-424
- Contract: A legal written agreement that becomes binding when signed.
- Issuer: means the business organization or financial institution or its duly authorized agent that issues a credit card. See Virginia Code 6.2-424