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Tex. Business & Commerce Code § 505.001

This is the official text of Tex. Business & Commerce Code § 505.001, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.

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§ 505.001. DEFINITIONS.

Official statutory text

In this chapter:

(1) "Credit card" means a card or device issued under an agreement by which the issuer gives to a cardholder the right to obtain credit from the issuer or another person.

(2) "Credit card issuer" means a lender, including a financial institution, or a merchant that receives applications and issues credit cards to individuals.

Status: in_force · Read it on the official government site

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