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How much money could you lose

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Problem - Exposure from stolen ATM card. Suppose that someone stole your ATM card and withdrew $1,000 from your checking account. How much money could you lose (according to federal legislation) if you reported the stolen card to the bank:

(a) the day the card was stolen,

(b) 6 days after the theft,

(c) 65 days after receiving your periodic statement?

Reference no: EM132695821

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