Which of the following is true with regard to the federal Electronic Funds Transfer Act?
A) It is primarily a regulatory statute.
B) It gives the same protections to customers that are found in Article 4.
C) It limits a customer's liability for unauthorized transfers to $50 if the consumer notifies the financial institution within two days after learning of the loss or theft.
D) It primarily regulates transfers between financial institutions.
Correct Answer:
Verified
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A)
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