Common use of Debit Card Transaction Clause in Contracts

Debit Card Transaction. If I/we tell you that I/we discover our card has been lost or stolen, I/we have no liability if someone used my/our card without my/ our permission. However, if the Credit Union can establish that I/ we were grossly negligent or fraudulent in handling my/our account, my/our liability increases to the maximum allowable by law. That liability is $50.

Appears in 2 contracts

Sources: Membership and Account Agreement, Debit Mastercard Agreement