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The Electronic Fund Transfer Act,administered by the Consumer Financial Protection

Question 93

Multiple Choice

The Electronic Fund Transfer Act,administered by the Consumer Financial Protection Bureau,limits liability on lost,stolen,or misused automatic teller and check cards (debit cards) to


A) $600 if reported after two days but before 60 days of consumer's learning of a misuse.
B) amounts over $15 within the consumer's home state if reported within seven business days.
C) $50 if reported within two business days of consumer's learning of a misuse.
D) $15 within a 100-mile radius of a consumer's home if reported within seven business days.
E) $500 after 60 days without reporting.

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