This act provides a basic framework regarding the rights, liabilities, and responsibilities of consumers who use electronic transfer services and of the financial institutions that offer them.
A) The Safe Checks Act
B) The Electronic Funds Transfer Act
C) The Real Estate Settlement Procedures Act
D) The Consumer Leasing Act

Question

Quizplus · Accepted Answer

The Electronic Funds Transfer Act is the only act listed that specifically deals with electronic transfer services and the rights of consumers and financial institutions related to them. The Safe Checks Act deals with preventing check fraud, the Real Estate Settlement Procedures Act deals with disclosures related to real estate transactions, and the Consumer Leasing Act deals with disclosures and advertising related to consumer leasing agreements.

This Act Provides a Basic Framework Regarding the Rights, Liabilities