Posted By: vicki61956
Can anyone assist me with this question, please? - 01/08/20 05:30 PM
I have posted this question a few times, but have not received any responses at all. If possible, I would really appreciate some insight on this situation. Thank you.
The customer purchased a non-refundable international trip with his cobrand credit card. Within a month after purchasing it, he received notice that the travel agency he purchased it from had been shut down by the government and that he would not receive the trip. He was told that he would not receive a refund from the travel agency because it was non-refundable and he had not purchased the trip cancellation insurance. The customer wrote to us well within 60 days of the statement on which the charge appeared asking for credit for services not received, and provided all the documentation showing what had occurred. He had not paid anything on it before we received his dispute. Aren't we obligated to credit his account for the cost of the trip since he is not going to receive what he purchased (through no fault of his own)? I feel like this would qualify under both Reg Z 1026.12 and 1026.13. (Please assume it meets all the regulatory limitations such as being sent to the correct address, and the distance restrictions, etc. found in Reg Z 1026.12(c)(3)).
The customer purchased a non-refundable international trip with his cobrand credit card. Within a month after purchasing it, he received notice that the travel agency he purchased it from had been shut down by the government and that he would not receive the trip. He was told that he would not receive a refund from the travel agency because it was non-refundable and he had not purchased the trip cancellation insurance. The customer wrote to us well within 60 days of the statement on which the charge appeared asking for credit for services not received, and provided all the documentation showing what had occurred. He had not paid anything on it before we received his dispute. Aren't we obligated to credit his account for the cost of the trip since he is not going to receive what he purchased (through no fault of his own)? I feel like this would qualify under both Reg Z 1026.12 and 1026.13. (Please assume it meets all the regulatory limitations such as being sent to the correct address, and the distance restrictions, etc. found in Reg Z 1026.12(c)(3)).