Asked by DeAnna Schmidt on Apr 25, 2024
A credit cardholder is liable for all unauthorized charges if he or she does not report the unauthorized charges within twenty days of receiving a statement on which the unauthorized charges appear.
Unauthorized Charges
Unauthorized charges refer to transactions made on a credit or debit card without the consent or authorization of the cardholder.
Twenty Days
A specific time frame, usually referring to a period of twenty calendar days, that may be used in legal, financial, or operational contexts.
- Master the responsibilities and regulatory requirements governing consumer transactions.
Learning Objectives
- Master the responsibilities and regulatory requirements governing consumer transactions.
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