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.
Correct Answer:
Verified
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