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Current as of January 01, 2020 | Updated by FindLaw Staff
Use of an identity credential or identity attribute shall satisfy any requirement for a commercially reasonable security or attribution procedure in Title 8.4A, the Uniform Electronic Transactions Act (§ 59.1-479 et seq.), and the Uniform Computer Information Transactions Act (§ 59.1-501.1 et seq.), provided that the identity credential or identity attribute was issued or assigned in accordance with (i) the Commonwealth's identity management standards in place at the time of issuance or assignment, (ii) the terms of any contractual agreement, and (iii) any written rules and policies of the identity trust framework or federation of which the issuer is a member.
Cite this article: FindLaw.com - Virginia Code Title 59.1. Trade and Commerce § 59.1-553. Commercially reasonable security procedures for electronic fund transfers - last updated January 01, 2020 | https://codes.findlaw.com/va/title-59-1-trade-and-commerce/va-code-sect-59-1-553/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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