A consumer who notifies the issuer of an EFT card within two (2) days after learning of a loss or theft of the card is limited to a maximum liability of:

Question

Quizplus · Accepted Answer

According to Regulation E, a consumer who notifies the card issuer within two days of discovering the loss or theft of an EFT card is limited to a maximum liability of $50. If the consumer fails to notify the issuer within two days, the liability limit increases to $500. Therefore, option B is the correct answer.

A Consumer Who Notifies the Issuer of an EFT Card