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15 U.S.C. § 1645Business credit cards; limits on liability of employees

submitted 52 years ago by Pub. L. 90-321 to r/title-15-COMMERCE-AND-TRADE · 130 words · no verdicts yet

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A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

The exemption provided by section 1603(1) of this title does not apply to the provisions of sections 1642, 1643, and 1644 of this title, except that a card issuer and a business or other organization which provides credit cards issued by the same card issuer to ten or more of its employees may by contract agree as to liability of the business or other organization with respect to unauthorized use of such credit cards without regard to the provisions of section 1643 of this title, but in no case may such business or other organization or card issuer impose liability upon any employee with respect to unauthorized use of such a credit card except in accordance with and subject to the limitations of section 1643 of this title.

Source credit: (Pub. L. 90–321, title I, § 135, as added Pub. L. 93–495, title IV, § 410(a), Oct. 28, 1974, 88 Stat. 1519.)

history & why it existsrecord from the source credit
  • 1974Enacted · Pub. L. 90-321 · 88 Stat. 1519

A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-321 on 1974-10-28.

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