Cindy's liability for the unauthorized use of her ATM card is limited to $500 if she notifies the bank after ninety (90)days of discovery.

Question

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According to the Electronic Fund Transfer Act, if Cindy notifies the bank within two (2) business days after discovering the loss or theft of her ATM card, her liability is limited to $50. If she notifies the bank after two (2) business days but before ninety (90) days, her liability is limited to $500. If she fails to notify the bank within ninety (90) days, she may be liable for the full amount of unauthorized transactions.

Cindy's Liability for the Unauthorized Use of Her ATM Card