1. (a) As used in this chapter, "payment instrument" means:

   1. (1) a check;
   2. (2) a draft;
   3. (3) a money order;
   4. (4) a traveler's check;
   5. (5) a stored value card, other than a closed system stored value card; or

   6. (6) an instrument or written order for the transmission or payment of money;

      sold or issued to one (1) or more persons, whether such instrument is negotiable.

2. (b) As used in this chapter, "payment instrument" does not include:

   1. (1) a credit card voucher;
   2. (2) a letter of credit;
   3. (3) an instrument that is redeemable by the issuer in goods or services; or
   4. (4) a closed system stored value card.

As added by P.L.42-1993, SEC.85. Amended by P.L.10-2006, SEC.53 and P.L.57-2006, SEC.53; P.L.129-2020, SEC.19; P.L.29-2022, SEC.11.