According to Truth in Lending Act (TILA), Charges on a Stolen

question 42

Multiple Choice

According to Truth in Lending Act (TILA) , charges on a stolen credit card that exceed $50 would generally:

• A) have to be paid by the cardholder.
• B) have to be recovered by the bank.
• C) not have to be paid by the cardholder.
• D) have to be recovered from the person who stole the card.

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Definitions:

Stress

A physical or mental response to an external cause, such as significant demand or threat, that disturbs an individual's mental or physical equilibrium.

Defence Mechanisms

Psychological strategies used by individuals to cope with reality and protect their ego by unconsciously denying or distorting reality.

Short-term Stress Reduction

Temporary methods or techniques used to decrease stress and enhance well-being.

Voluntary Certification

An optional credentialing process by which individuals or organizations seek official recognition of their skills and competencies in various fields.