Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

multiple choice question your maximum liability, under federal law, for…

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)

Explanation:

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.

Answer:

$50