Alice lost her ATM card at the lake and forgot it was missing until her monthly statement came 26 days later.She found that $800 had been withdrawn from her savings account.The most Alice will be legally liable for assuming she notifies the bank at this point is

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Under the Electronic Fund Transfer Act, if a consumer reports a lost or stolen ATM card within 60 days of the statement being sent, their liability is capped at $500. Since Alice reported the loss 26 days after the statement, she is liable for up to $500.

Alice Lost Her ATM Card at the Lake and Forgot