more proof cc is open ended credit in california

Posted by scott (24.166.35.102) on December 02, 2002 at 17:55:56:

In Reply to: Re: served and confused posted by scott on December 02, 2002 at 17:44:10:

CIVIL CODE
SECTION 1747-1748.7

1747.90. (a) (1) Subject to the limitation contained in subdivision
(b), a card issuer who has issued a credit card to a cardholder
pursuant to an open-end consumer credit plan shall be subject to all
claims and defenses, other than tort claims, arising out of any
transaction in which the credit card is used as a method of payment
or extension of credit if the following conditions are met:
(the above is just proof that CA civil law defines credit cards as open ended.)

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