Title 15 — Commerce and TradeRelease 119-73
§1645 Business credit cards; limits on liability of employees
Title 15 › Chapter CHAPTER 41— - CONSUMER CREDIT PROTECTION › Subchapter SUBCHAPTER I— - CONSUMER CREDIT COST DISCLOSURE › Part Part B— - Credit Transactions › § 1645
Summary
The exemption in section 1603(1) does not apply to sections 1642, 1643, and 1644. If a card issuer and a business issue that issuer’s cards to ten or more employees, they can contract about the business’s liability for unauthorized use without following section 1643, but they cannot make employees responsible for unauthorized use except as allowed and limited by section 1643.
Full Legal Text
Title 15, §1645
Commerce and Trade — Source: USLM XML via OLRC
The exemption provided by section 1603(1) of this title does not apply to the provisions of section 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.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
Effective Date
Section effective Oct. 28, 1974, see section 416 of Pub. L. 93–495, set out as a note under section 1665a of this title.
Reference
Citations & Metadata
Citation
15 U.S.C. § 1645
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73