Question

if a person loses a debit or atm card, and the card is used by someone else, the person who
owns the card is never liable for more than $50.
owns the card needs to close all his bank accounts.
finds the card may withdraw money from the account.
finds the card must change the account personal identification number.

Explanation:

Under standard consumer protection regulations (like the US Electronic Fund Transfer Act), if a debit/ATM card is lost and used fraudulently, the cardholder's maximum liability is $50 if they report the loss promptly. The other options are incorrect: closing all accounts is not required, finders cannot legally withdraw funds, and finders have no obligation to change the PIN.

Answer:

A. owns the card is never liable for more than $50.