Under the Electronic Fund Transfer Act, a customer's liability for an unauthorized EFT can be limited to $50.

Name: Under the Electronic Fund Transfer Act, a customer's liability for an unauthorized EFT can be limited to $50.
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Under the Electronic Fund Transfer Act, if a consumer notifies the financial institution within two business days after learning of the loss or theft of their access device, their liability for unauthorized transfers is limited to $50.

Under the Electronic Fund Transfer Act, a Customer's Liability for an Unauthorized