P.R. Laws tit. 13, § 20001
For the purposes of this chapter, the following words or terms shall have the meaning stated herein below:
(a) Credit card. — Means any instrument or object known as a credit card, plate, book of coupons or by any other name, issued upon payment or non-payment of a fee by the person to whom it is issued, to be used by the holder to obtain cash advances or to acquire on credit money, goods, services or any other thing of value or credit, or to pay loans or debts in the establishment of the entity which issues the credit card, or at any other government establishment, agency or instrumentality, the Courts Administration or a municipality.
(b) Holder. — Means any person who has obtained one or several credit cards and in whose name the account to be charged for the use of the card, appears.
(c) Issuer. — Means any banking or financial institution which issues credit cards [on] behalf of a holder.
(d) Banking institution. — Means any local or foreign bank doing business in Puerto Rico, pursuant to the provisions of the Banking Law of Puerto Rico.
(e) Financial institution. — Means any person engaged in issuing credit cards, among other activities.
(f) Person. — Means a natural or juridical person.
(g) Illegal use of credit cards. — Means the use of a credit card which does not legitimately belong to the person who [is] using said card, for the purpose of defrauding the government to obtain government goods and services, or to pay loans, government debts and others, knowingly or with probable cause to believe that:
(1) The card is stolen or forged;
(2) the card has been revoked or canceled, and
(3) the use of the credit card has not been authorized for some reason.
History —Aug. 11, 1995, No. 155, § 1, eff. 120 days after Aug. 11, 1995.