Unauthorized Use of Credit Card — Liability

  1. Law
  2. Tennessee Code
  3. Commercial Instruments and Transactions
  4. Credit Cards
  5. Unsolicited Credit Cards and Unauthorized Use
  6. Unauthorized Use of Credit Card — Liability

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  1. Any person who has assumed liability for a credit card, either by authorizing its issuance, or as provided in § 47-22-102, and who exercises reasonable care in its use and safekeeping, shall not be liable for the unauthorized use of such card.
    1. “Reasonable care” within the meaning of this section requires the person to whom a credit card has been issued to notify promptly the issuer in case of a card which has been lost or stolen.
    2. However, failure to notify the issuer shall not result in the liability of more than one hundred dollars ($100) in the unauthorized use of the credit card.
  3. Nothing in this chapter will relieve the card holder of liability if guilty of fraud, misrepresentation, gross negligence, or collusion.


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