Common use of Lost or Stolen Card Clause in Contracts

Lost or Stolen Card. If the Credit Card is lost or stolen, the Cardholder must immediately report its loss to PNB using its Customer Service Hotline. In case a card is reported lost or stolen, any transaction made prior to reporting to PNB shall be for the account of the cardholder. Within one (1) day after reporting the loss of the Credit Card via telephone call, the Cardholder must report in writing the loss of the Credit Card and submit an affidavit of loss stating the place, date, and circumstances of the loss and last purchases made prior to the loss, to PNB during regular working hours. The Cardholder and/or supplementary member(s) shall continue to be liable for all usages prior to PNB's receipt of advice of the fact of the Credit Card's loss or theft, including but not limited to, fraudulent transactions and/or forged signature by any person. PNB shall be free and harmless for any and all liabilities arising out of the loss or theft of the Credit Card. Should the Cardholder fail to report in writing the loss of the Credit Card when required by PNB after discovery and report via phone call as provided herein, it shall be deemed proof that the Cardholder fraudulently made use of the Credit Card. A card replacement fee, as PNB may advise and announce, shall be charged to the Cardholder to cover the replacement of the Credit Card/s and the costs in disseminating information about the loss or theft.