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The 640 MEG Shareware Studio 2
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The 640 Meg Shareware Studio CD-ROM Volume II (Data Express)(1993).ISO
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34.CCS
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1992-12-25
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35 lines
UNAUTHORIZED USE OF YOUR DEBIT CARD:
Your Rights and Liabilities
Unauthorized use of a debit card is defined as an electronic
funds transfer from an account by a person or persons
without the authority to do so and from which the authorized
account holder or holders received no benefit. But, if a
consumer gives their debit card and access code to a person
not on the account, the law considers such person's use of
the account to be authorized. Yet, if the authorized account
holder notifies the bank that this person no longer has
permission to use the account, such usage then becomes
unauthorized.
As with credit cards, the financial institution should be
notified immediately. Once such notification has been made,
the consumer is no longer liable for unauthorized transfers.
In any case, the consumer's liability will never exceed $50
per account for unauthorized transfers. Also, the debit card
must have been accepted by the consumer in order for them to
have any liability. So, if a debit card is intercepted in
the mail and used without authorization, the consumer cannot
be held liable for any transfers made.
Remember, if a consumer furnishes a person with their card
and access number, they are liable for any transfers that
person makes, unless, the bank is notified to the contrary.
And just a closing note, under the law, billing errors
cannot be considered unauthorized use.
* * * End of UNAUTHORIZED DEBIT CARD USE * * *