The Truth in Lending Act
A) prohibits discrimination in the granting of credit on the basis of sex, race, color, and religion.
B) limits liability on lost or stolen credit cards.
C) prohibits unfair or deceptive acts or practices on the part of banks.
D) requires prompt correction of errors on a revolving charge account.

Question

Quizplus · Accepted Answer

The Truth in Lending Act limits liability on lost or stolen credit cards to $50 if reported promptly.