What Is The Electronic Fund Transfer Act?

The Act requires financial institutions to adopt certain practices respecting such matters as transaction accounting, preauthorized transfers, and error resolution, and sets liability limits for losses caused by unauthorized transfers.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

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