Texas Business & Commerce Code

§ 610.001 — DEFINITIONS

BC § 610.001Title 12. RIGHTS AND DUTIES OF CONSUMERS AND MERCHANTS · Ch. 610. UNAUTHORIZED TRANSACTION CATEGORIZATION

Statute text

In this chapter:

(1)"Electronic payment transaction" means a transaction in which a person uses a payment card or other payment code or device issued or approved through a payment card network to debit a deposit account or use a line of credit, whether authorization is based on a signature, personal identification number, or other means.

(2)"Firearms code" means any merchant category code approved by the International Organization for Standardization for a firearms retailer, including Merchant Category Code 5723.

(3)"Firearms retailer" means any person or entity engaged in the sale of firearms, ammunition for use in firearms, or firearms accessories.

(4)"Payment card" means a credit card, debit card, check card, or other card that is issued to an authorized user to purchase or obtain goods, services, money, or any other thing of value.

(5)"Payment card issuer" means a lender, including a financial institution, or a merchant that receives applications and issues payment cards to individuals.

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Legislative history

Added by Acts 2023, 88th Leg., R.S., Ch. 514 (H.B. 2837), Sec. 3, eff. September 1, 2023.