A Preauthorized Electronic Transfer from a Consumer's Account

Multiple Choice

A preauthorized electronic transfer from a consumer's account:

A) may be orally authorized at the time the transfer is to be made.
B) must be authorized in writing in advance of the time the transfer is to be made.
C) may be stopped only by written notice to the financial institution at least five business days before the scheduled date of transfer.
D) is limited to an amount of $500 or less.