Financial institutions are not required to inform customers of their rights and responsibilities with respect to electronic fund transfer systems.

Question

Quizplus · Accepted Answer

Financial institutions are required by law to provide customers with information detailing their rights and responsibilities under the Electronic Fund Transfer Act (EFTA), which governs electronic fund transfers. This information must be provided to customers both when they open an account and periodically throughout the life of the account.

Financial Institutions Are Not Required to Inform Customers of Their