Title 15 — Commerce and TradeRelease 119-73not60

§1645 Business Credit Cards; Limits on Liability of Employees

Title 15 › Chapter 41— CONSUMER CREDIT PROTECTION › Subchapter I— CONSUMER CREDIT COST DISCLOSURE › Part B— Credit Transactions › § 1645

Last updated Apr 3, 2026|Official source

Summary

A general exemption does not change the rules about who is responsible for unauthorized business credit-card charges. If a company or other organization gives credit cards to ten or more employees, the company and the card issuer can make a written agreement about the company’s liability for cards used without permission. Even with that agreement, neither the company nor the card issuer can make an employee pay for unauthorized charges except under the existing legal limits on employee liability.

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 3, 2026

Release point: 119-73not60