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According to the Electronic Fund Transfer Act of 1978, Which

Question 23

Multiple Choice

According to the Electronic Fund Transfer Act of 1978, which of the following is true in case of an error in the customer's statement?


A) A customer has ten working days to write or call to a financial institution if he/she feels that an error has been made in his/her statement.
B) The customer is entitled to the copies of the documents relied on in the investigation.
C) The financial institution has sixty days to investigate and correct the error if any has been reported by the customer.
D) If the financial institution takes more than forty-five days, it must credit the customer with the amount in dispute so that he/she can use the money while the investigation is ongoing.
E) If the customer has called up the financial institution about an error in his/her statement, written information is not required.

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