Electronic Funds Transfer Act
A federal law that gives consumers the right to correct errors in ATM or bank statements relating to electronic funds transfers (such as ATM use, point-of-sale purchases, and preauthorized withdrawals from a bank account) and limits a consumer's liability for losses in the event of a stolen or lost ATM card.
Category: Bankruptcy, Foreclosure & Debt
Category: Personal Finance & Retirement

Nolo’s Plain-English Law Dictionary. . 2009.

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