In this section the following words have the meanings indicated. “Authority” means the Maryland Transportation Authority. “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. “Transponder” means a device that is designed to transmit information used to collect tolls and is associated with a particular account. A holder of an E–ZPass account may: 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 Identify any unauthorized charges to the holder’s E–ZPass account and report the unauthorized charges to the Authority for verification. 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: If the Authority: Identifies the individual who unlawfully used the transponder; and Collects the proper toll charges from the individual; or Incurred after the date the theft was reported to the Authority.