Electronic Funds Transfer Act
- Electronic Funds Transfer Act
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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.
Gerald N. Hill, Kathleen Thompson Hill.
2009.
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