When the creditor has been notified that a credit card was lost, the liability of the credit card holder is limited to:
A) $100.
B) $75.
C) $50.
D) None of these; liability is unlimited.

Question

Quizplus · Accepted Answer

Under the Fair Credit Billing Act (FCBA) in the United States, if a credit card is lost or stolen and the card issuer is notified, the cardholder's liability for unauthorized charges is limited to $50.

When the Creditor Has Been Notified That a Credit Card