Current with legislation from 2024 Fiscal and Special Sessions.
Section 4-115-103 - Applicability and exclusions(a) Nothing contained in this chapter shall: (1) Affect the jurisdiction of state or federal bank regulators over the regulation of credit card processing services provided by state or national banks; or(2) Limit the rights or remedies that are otherwise available to a person or an entity that has contracted with a credit card processing service.(b) This chapter does not apply to: (1) A contract entered into before August 1, 2007;(2) A state bank, a national bank, or a savings association, each as defined in 12 U.S.C. § 1813, as it existed on January 1, 2009; or(3) The parent, affiliate, or subsidiary of a state bank, a national bank, or a savings association, each as defined in 12 U.S.C. § 1813, as it existed on January 1, 2009.(c) The obligations under this chapter are cumulative and do not limit the obligations imposed under any other state or federal law.Acts 2007, No. 911, § 1; 2009, No. 624, § 2.