QUESTION IMAGE
Question
multiple choice question
your maximum liability, under federal law, for a lost or stolen credit card is
$25
$100
$50
$500
there is no maximum (unlimited)
Brief Explanations
Under the Fair Credit Billing Act (federal law in the U.S.), the maximum liability for unauthorized charges on a lost or stolen credit card is capped at $50, provided the cardholder reports the loss/theft in a timely manner.
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$50