Under the Fair Credit Billing Act, If Consumers Notify the Card

question 238

True/False

Under the Fair Credit Billing Act, if consumers notify the card company immediately of a stolen or lost credit card, their liability for unauthorized losses is $500.

---

Definitions:

Cataplexy

A sudden and temporary episode of muscle weakness or paralysis often triggered by strong emotions such as laughter, typically associated with narcolepsy.

Muscle Tone

The continuous and passive partial contraction of muscles, which helps maintain posture.

Emotional Excitement

A heightened state of emotional arousal or stimulation that can result from various stimuli or scenarios.

Psychoactive Substances

Chemical substances that affect the function of the central nervous system, altering perception, mood, or consciousness.