Title 15, Commerce and TradeRelease 119-102

§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 Aug 21, 2026|Official source

Summary

An exemption in section 1603(1) does not apply to the rules in sections 1642, 1643, and 1644. A card issuer and a business that issues that card to ten or more employees can make a contract about the business’s liability for unauthorized card use and ignore section 1643 for that agreement. Even so, neither the business nor the issuer can make an employee pay for unauthorized use except under the limits set in 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

Aug 21, 2026

Release point: 119-102