Electronic Funds Transfer Act
- Electronic Funds Transfer Act
- "Nolo Everybody's Legal Dictionary":
A federal law that gives you certain rights in the event that mistakes occur on your ATM or bank statements or if your ATM card is lost or stolen. Generally, you have a duty to report the mistake or lost card--and the sooner the better. If you notify the bank in a timely manner, it is under a duty to rectify the mistake or not charge you for withdrawals made by someone else with your card. If you delay in reporting your card lost or stolen, however, you can be liable for up to $500, or an unlimited amount if you don't report the problem for more than 60 days.
See Topic: Debt & Bankruptcy
English-Chinese law dictionary (法律英汉双解大词典).
2013.
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