Common use of Liability for Charges Clause in Contracts

Liability for Charges. 5.1 If the Card is lost or stolen or if the PIN is disclosed without authorisation, the Cardholder’s and Cardmember’s liability shall be limited to $100 only if: (a) the Cardholder or the Cardmember has immediately notified DBS of the loss, theft or unauthorized disclosure; (b) the Cardholder and/or the Cardmember assists DBS in the recovery of the unauthorised charges incurred; (c) the Cardholder and/or the Cardmember furnishes DBS with a police report accompanied by written confirmation of the loss, theft or unauthorized disclosure and any other information that DBS may require; and (d) DBS is satisfied that such loss, theft or unauthorised disclosure is not due to the fraudulent act, negligence or default of the Cardholder and Cardmember. 5.2 The Cardholder and Cardmember shall not be liable for any Card Transaction effected after DBS has been notified that the Card was lost, stolen or PIN was disclosed without authorisation.

Liability for Charges. 5.1 If the Card is lost or stolen or if the PIN is disclosed without authorisation, the Cardholder’s and Cardmember’s liability shall be limited to $100 only if: (a) the Cardholder or the Cardmember has immediately notified DBS of the loss, theft or unauthorized disclosure; (b) the Cardholder and/or the Cardmember assists DBS in the recovery of the unauthorised charges incurred; (c) the Cardholder and/or the Cardmember furnishes DBS with a police report accompanied by written confirmation of the loss, theft or unauthorized disclosure and any other information that DBS may require; and (d) DBS is satisfied that such loss, theft or unauthorised disclosure is not due to the fraudulent act, negligence or default of the Cardholder and Cardmember. 5.2 The Cardholder and Cardmember shall not be liable for any Card Transaction effected after DBS has been notified that the Card was lost, stolen or PIN was disclosed without authorisationwithoutauthorisation.