Dual-Use Debit Cardholder Protection Act of 1997

Summary

Dual-Use Debit Cardholder Protection Act of 1997 - Amends the Electronic Fund Transfer Act to impose consumer liability for unauthorized electronic fund transfers only if the issuer has provided a unique identifier, such as a photograph (as under current law), retina scan, and other named devices with which the user can be identified as the authorized person. Eliminates a signature as such a unique identifier. Cites circumstances under which a consumer shall be liable for an unauthorized electronic fund transfer not exceeding $50 if the transfer did not require the use of a unique identifier, such as a photograph, fingerprint, or retina scan. Precludes consumer liability for unauthorized electronic fund transfers in the absence of a consumer's timely receipt of notice of liability for such transfers, and of the advisability of prompt reporting of any loss, theft, or unauthorized use. Prohibits the issuance of dual-use debit cards to initiate an electronic fund transfer without the use of a unique identifier unless certain statutory requirements are met, and the issuer has provided a clear and conspicuous disclosure that the use of such card may not require the use of a unique identifier.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 9 September 1997

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 9 September 1997

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 9 September 1997 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 9 September 1997

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 9 September 1997

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 9 September 1997

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Reed, Jack [D-RI] · D · Sponsor
• Sen. Bryan, Richard H. [D-NV] · D · Cosponsor
• Sen. Dodd, Christopher J. [D-CT] · D · Cosponsor
• · ssbk00 · Standing

Related records

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