Let's say the customer from the opening post received her statement on 9/1 and realized there were unauthorized debits from gaming sites. She confronts her kids and tells them to knock it off and they do. But she forgets to inform the bank of the error until she goes to make a deposit on 9/20. Now, since she is past the 2 day, is she still only liable for $50? No other unauthorized debits have occured since 9/1.
The reason I ask is I've read the staff interpretation, and want to make sure I'm understanding the timely notice not given section correctly. Paragraph 6(b)(2)—Timely Notice Not Given
"...muffins are just bald cupcakes." -- Jim Gaffigan