The Electronic Fund Transfer Act Concerns Liability Limits for Stolen

Multiple Choice

The Electronic Fund Transfer Act concerns liability limits for stolen ATM cards. Which statement is correct about maximum consumer liability:

A) $100 if the financial institution is notified within 3 business days
B) $250 if the financial institution is notified within 3 business days
C) $250 if the financial institution is notified within 5 business days
D) $500 if the financial institution is notified within 7 business days
E) none of the other choices