§ 12-419. Issuance of duplicate payment instruments  


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  •    (a) Request by buyer. -- The original buyer of a payment instrument may request a duplicate of the instrument if the request is:

       (1) In writing; and

       (2) If required by the licensee, accompanied by:

          (i) An affidavit that gives the reason for the request and states the facts relating to the loss of or other failure to produce the original payment instrument; and

          (ii) A personal indemnity bond or, if the total amount of the payment instruments for which a duplicate is requested is $ 150 or more, a lost instrument corporate bond instead of a personal indemnity bond.

    (b) Duty of licensee. -- Each licensee shall issue or refuse to issue a duplicate payment instrument within 30 days after a request for the duplicate is made under this section.


HISTORY: An. Code 1957, art. 11, § 219A; 1980, ch. 33, § 2; ch. 541; 1997, ch. 23; 2002, ch. 539.