P.R. Laws tit. 10, § 766d

2019-02-20 00:00:00+00
§ 766d. Limited liability

(a) The liability of a card holder for the unauthorized use of a credit card that has not been accepted is hereby limited to a maximum of fifty dollars ($50).

(b) The cardholder shall not be held liable for the unauthorized use of a credit card that has not been accepted.

(c) The holder shall be exempted from liability if the signature on the sales slip or in the contract for the acquisition of goods, services or credit is obviously or clearly different from the signature appearing on the credit card, and in such case, the person, firm, partnership or corporation who on its own or through an agent, accepted the signature, shall be held liable.

History —June 19, 1964, No. 68, p. 192, added as § 405 on Dec. 23, 1998, No. 310, § 34, eff. 60 days after Dec. 23, 1998.