A preauthorized electronic transfer from a consumer's account:
A) is limited to an amount of $500 or less.
B) may be stopped only by written notice to the financial institution at least five business days before the scheduled date of transfer.
C) must be authorized in writing in advance of the time the transfer is to be made.
D) may be orally authorized at the time the transfer is to be made.
Correct Answer:
Verified
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