Which of the following is true with regard to the federal Electronic Funds Transfer Act?
A) It is primarily a regulatory statute.
B) It gives the same protections to customers that are found in Article 4.
C) It limits a customer's liability for unauthorized transfers to $50 if the consumer notifies the financial institution within two days after learning of the loss or theft.
D) All of these.
Correct Answer:
Verified
Q42: A check is drawn on Jones Bank
Q47: If Ben Stewart has a checking account
Q48: Which of the following is true about
Q48: If Margie makes out a check for
Q49: An objective of the Check 21 Act
Q49: Helen deposits a $50 check in her
Q50: A payment order for a wholesale funds
Q52: Which warranties does a collecting bank give?
A)
Q53: Which of the following is correct with
Q57: On April 6, Ellen sends a check
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents