Re: [MLUG - DISCUSSION] Off topic - Check cashing cards

[Stephen Montgomery-Smith <EMAIL:PROTECTED>]

> http://www.ftc.gov/bcp/conline/pubs/credit/atmcard.htm
> 
> "ATM or Debit Card Loss or Fraudulent Transfers (EFTA). Your liability
> under federal law for unauthorized use of your ATM or debit card depends
> on how quickly you report the loss. If you report an ATM or debit card
> missing before it's used without your permission, the EFTA says the card
> issuer cannot hold you responsible for any unauthorized transfers. If
> unauthorized use occurs before you report it, your liability under
> federal law depends on how quickly you report the loss.
> 
> For example, if you report the loss within two business days after you
> realize your card is missing, you will not be responsible for more than
> $50 for unauthorized use. However, if you don't report the loss within
> two business days after you discover the loss, you could lose up to $500
> because of an unauthorized transfer."
> 

How do they know when you "realised" that you lost the card?

-- 
Stephen Montgomery-Smith
EMAIL:PROTECTED
http://www.math.missouri.edu/~stephen

--
To unsubscribe, go to http://mlug.missouri.edu/members/edit.php

Archives are available at http://mlug.missouri.edu/list-archives/