Kyle lost his EFTS card at the lake and reported it missing the next day.He found that $700 had been withdrawn from his bank account.The most for which Kyle will be legally liable is

Question

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According to the Electronic Funds Transfer Act (EFTA), if you report your lost or stolen card within two business days, your maximum liability is $50. Since Kyle reported his lost EFTS card the next day, his maximum liability is $50.

Kyle Lost His EFTS Card at the Lake and Reported