Which of the Following Is True with Regard to the Federal

Multiple Choice

Which of the following is true with regard to the federal Electronic Funds Transfer Act?

A) It is primarily a regulatory statute.
B) It gives the same protections to customers that are found in Article 4.
C) It limits a customer's liability for unauthorized transfers to $50 if the consumer notifies the financial institution within two days after learning of the loss or theft.
D) It primarily regulates transfers between financial institutions.