P-40.1 - Consumer Protection Act

Section 123 Disposition versions

2019-08-01

123. The consumer is not liable for debts resulting from the use of a credit card by a third person after the card issuer is notified, by any means, of the loss, theft or fraudulent use of the card or of any other use of the card not authorized by the consumer.

Even if no notice was given, consumer liability for the unauthorized use of a credit card is limited to $50.

Any stipulation contrary to this section is prohibited.

1978, c. 9, s. 123; 2017, c. 24, s. 29.

1980-04-30

123. In case of loss or theft of a credit card, the consumer incurs no liability for a debt resulting from the use of such card by a third person after the issuer is notified of the loss or theft by telephone, telegraph, written notice or any other means.

1978, c. 9, s. 123.