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In Order for the Holder of a Debit Card to Be

Question 70

Multiple Choice

In order for the holder of a debit card to be liable for no more than $50 of unauthorized use,what must the cardholder do?


A) Nothing,because debit cardholders' liability for unauthorized use is always limited to a maximum of $50.
B) Notify the issuer bank within 2 days of learning of the loss or theft.
C) Close the related checking account within 2 days of learning of the loss or theft.
D) Notify the issuer bank within 60 days of learning of the loss or theft.
E) Notify the issuer bank and close the related checking account within 2 days of learning of the loss or theft.

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