(a) 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.

Terms Used In Tennessee Code 47-22-103

  • Credit card: means any card, token, or similar identification device which is issued for the purpose of obtaining money, services, or merchandise pursuant to a credit arrangement. See Tennessee Code 47-22-101
  • Fraud: Intentional deception resulting in injury to another.
  • Person: means any individual, corporation, agency, business association, or similar group. See Tennessee Code 47-22-101
(b)

(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.
(c) Nothing in this chapter will relieve the card holder of liability if guilty of fraud, misrepresentation, gross negligence, or collusion.
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