NEWSLETTER-2020-metin

121 LAW OF OBLIGATIONS “The relations between card issuers and card hol - ders shall be constituted with a contract written with a mi - nimum of twelve points and dark black letters according to this Law and other relevant legislation. A duplicate of such contract shall be given to the card holder and, if present, to the guarantor. Detailed information shall be provided to the card holder on covenants of the contract and card usage.” The Law on Form of Contracts between Debit Card and Credit Card Issuers and Card Holders after Law No. 7247 Came Into Force The law in Article 24, which is mentioned above regarding form of contracts between card holders and debit card and credit card issu- ers, was amended with the Law on Amending Some Laws and Decree Laws Changes in Some Laws and Decree Laws (Law No. 7247) which came into force on June 26, 2020. The 2nd sentence of Article 24, paragraph 1 of Law No. 5464 was not changed, but the first sentence was changed to the sentence, below. “The relation between card issuers and card holders shall either be constituted with a contract written with a minimum of twelve points and dark black letters; or by using remote communication tools if the contract is a distance contract; or no matter that it may be a distance contract or not, with a method that the Board has set to replace the written form with a method using informatics or an electronic communication device that allows the verification of the customer identity, and the relevant pro - cedures and principles that will apply to these contracts will be determined by the Board.” The Effects of the Amendment of the Law on the Form of Contracts between Debit Card and Credit Card Issuers and Card Holders At first glance, the effect of this regulation seems clear. Before the amendment brought by Law No. 7247 came into effect, Article 13, and following relevant regulations of the Turkish Code of Obligations