Under the Electronic Fund Transfer Act, for Lost, Stolen, or Misused

Under the Electronic Fund Transfer Act, for lost, stolen, or misused automatic teller and check cards (debit cards) , the customer is liable for:

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) amounts over $15 within a 100-mile radius of the consumer's home if reported within seven business days.
E) nothing.

Correct Answer:

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