Which of the following is one of the provisions of the Electronic Funds Transfer Act and Regulation E of the Federal Reserve Board?
A) A bank can send unsolicited EFTS debit cards to a consumer only if the cards are valid for use.
B) If a customer notifies the issuing bank of a stolen or lost debit card within two days of the loss, the customer's liability is limited to a maximum of $500.
C) A bank must provide annual statements of electronic funds transfers to customers who conduct such transactions in a given financial year.
D) Other than for a telephone transaction, a bank must provide a customer with a written receipt of a transaction made through a computer terminal.
Correct Answer:
Verified
Q70: What changes did the Dodd-Frank Wall Street
Q71: The _ is a federal statute, enacted
Q72: Which of the following regulatory agencies was
Q73: The Pittsburgh Peelers are a professional soccer
Q74: The term _ refers to the computer
Q75: In the case of presentment across the
Q76: What is the significance of bank statements
Q78: Article 4A of the Uniform Commercial Code
Q79: Except for the collecting bank, each bank
Q80: The Federal Deposit Insurance Corporation was created
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