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srilawsby aturio
As enacted
EnglishSinhala සිංහල, official PDF on documents.gov.lkTamil தமிழ், official PDF on documents.gov.lk
Contents

Part II · Investigation

18. Presumption of fraud by lawful holder of payment device

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

A holder of a credit card or other payment device—

(a)

who has failed to pay the total sum due to the Issuer of such credit card or payment device within the period allowed therefor by the Issuer ; and

(b)

who changes his residence or place of employment as stated in the application for such payment device without informing the issuer of such change, shall be presumed to have done so with intent to wilfully defraud the Issuer of such sum.

Read on from s 19