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#928371 - 03/21/08 09:02 PM Reg E question
someone else Offline
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someone else
Joined: Aug 2004
Posts: 3,300
back to my roots
I am a totally newbie when it comes to Reg. E, so forgive this question...

I understand that a debit card holder must notify us within 2 days if his card is lost or stolen and that his max liability will be $50. What if it was his bank-issued credit card? I've looked through the definitions and it doesn't seem to say anything about credit cards, but I also don't see anything in the Visa rules about this. Our contract language is the same as Reg. E, but I'm not sure that this is acceptable.

Can someone point me to where I should be looking for this information? I appreciate the help!
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Somewhere, something incredible is waiting to be known. - Carl Sagan

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#928376 - 03/21/08 09:19 PM Re: Reg E question someone else
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
You need to redirect your search to Regulation Z, section 226.12.
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BankersOnline.com
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#928423 - 03/21/08 10:36 PM Re: Reg E question John Burnett
someone else Offline
Power Poster
someone else
Joined: Aug 2004
Posts: 3,300
back to my roots
Of course it's Reg. Z. I'm obviously suffering some mental block today.

Thanks John...for not making me feel foolish.
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Somewhere, something incredible is waiting to be known. - Carl Sagan

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#928499 - 03/23/08 03:09 PM Re: Reg E question someone else
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Hey, someone else, I firmly believe that feeling foolish once in a while helps us retain our humility. And that's a good thing.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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