(2) “Authority” means the Maryland Transportation Authority.

(3) “E-ZPass account” means a financial relationship between the Authority and a person who agrees to abide by the terms and conditions established for the electronic collection of tolls.

(4) “Transponder” means a device that is designed to transmit information used to collect tolls and is associated with a particular account.

(b) A holder of an E-ZPass account may:

(1) Report a theft of a transponder associated with the E-ZPass account to a local law enforcement agency and the Authority within 2 weeks of the first account statement after the theft; and

(2) Identify any unauthorized charges to the holder’s E-ZPass account and report the unauthorized charges to the Authority for verification.

(c) A holder of an E-ZPass account who reports the theft of a transponder in accordance with this section is not responsible for unauthorized toll charges:

(1) If the Authority:

(i) Identifies the individual who unlawfully used the transponder; and

(ii) Collects the proper toll charges from the individual; or

(2) Incurred after the date the theft was reported to the Authority.