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15 U.S.C. § 1645 — Business credit cards; limits on liability of employees
Federal law — U.S. Code and appendices · legal_authorities
The exemption provided by [section 1603(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1603/1&num=0&edition=prelim) 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1643&num=0&edition=prelim), 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1643&num=0&edition=prelim).
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Stable record: federal_law:legal_authorities:record_usc_bdc4418a8d040bf68fb33f67
Source file: Laws/federal/codes/united-states-code/title-15/section-1645-business-credit-cards-limits-on-liability-of-employees--8cefcf82e6.md
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Source location: Title 15, Chapter 41, § 1645; chapter-041-consumer-credit-protection.md
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The exemption provided by [section 1603(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1603/1&num=0&edition=prelim) 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1643&num=0&edition=prelim), 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1643&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Limits on liability**
(1) A cardholder shall be liable for the unauthorized use of a credit card only if—
(A) the card is an accepted credit card;
(B) the liability is not in excess of $50;
(C) the card issuer gives adequate notice to the cardholder of the potential liability;
(D) the card issuer has provided the cardholder with a description of a means by which the card issuer may be notified of loss or theft of the card, which description may be provided on the face or reverse side of the statement required by [section 1637(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1637/b&num=0&edition=prelim) or on a separate notice accompanying such statement;
(E) the unauthorized use occurs before the card issuer has been notified that an unauthorized use of the credit card has occurred or may occur as the result of loss, theft, or otherwise; and
(F) the card issuer has provided a method whereby the user of such card can be identified as the person authorized to use it.
(2) For purposes of this section, a card issuer has been notified when such steps as may be reasonably required in the ordinary course of business to provide the card issuer with the pertinent information have been taken, whether or not any particular officer, employee, or agent of the card issuer does in fact receive such information.
**(b) Burden of proof** In any action by a card issuer to enforce liability for the use of a credit card, the burden of proof is upon the card issuer to show that the use was authorized or, if the use was unauthorized, then the burden of proof is upon the card issuer to show that the conditions of liability for the unauthorized use of a credit card, as set forth in subsection (a), have been met.
**(c) Liab
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 1643
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Federal law — U.S. Code and appendices · legal_authorities
In responding orally to any inquiry about the cost of credit, a creditor, regardless of the method used to compute finance charges, shall state rates only in terms of the annual percentage rate, except that in the case of an open end credit plan, the periodic rate also may be stated and, in the case of an other than open end credit plan where a major component of the finance charge consists of interest computed at a simple annual rate, the simple annual rate also may be stated. The Bureau may, by regulation, modify the requirements of this section or provide an exception from this section for a transaction or class of transactions for which the creditor cannot determine in advance the applicable annual percentage rate.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 1665a
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Federal law — U.S. Code and appendices · legal_authorities
Page 1529
TITLE 15—COMMERCE AND TRADE
§ 1646
Editorial Notes
AMENDMENTS
1974—Pub. L. 93–495 generally reorganized provisions
by designating former unlettered paragraph cls. (a) to
(f), and as so designated, expanded prohibitions relating
to fraudulent use of credit cards, decreased amount re-
quired for fraudulent use from a retail value aggre-
gating $5,000, or more, to enumerated amounts for par-
ticular activities, and increased the punishment from a
sentence of not more than five years to a sentence of
not more than ten years.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 1974 AMENDMENT
Amendment by Pub. L. 93–495 effective Oct. 28, 1974,
see section 416 of Pub. L. 93–495, set out as an Effective
Date note under section 1665a of this title.
EFFECTIVE DATE
Pub. L. 91–508, title V, § 503(3), Oct. 26, 1970, 84 Stat.
1127, provided that: ‘‘Section 134 of such Act [this sec-
tion] applies to offenses committed on or after such
date of enactment [Oct. 26, 1970].’’
§ 1645. Business credit cards; limits on liability of
employees
The exemption provided by section 1603(1) of
this title does not apply to the provisions of sec-
tions 1642, 1643, and 1644 of this title, except that
a card issuer and a business or other organiza-
tion 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 busi-
ness or other organization with respect to unau-
thorized 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 organiza-
tion 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 secti
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 1645
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