Skip to content

Reg E Rules: Delay in Reporting a Lost/Stolen Card

Answered by: 

Question: 
What are the REG E rules concerning a delay by the cardholder of not reporting a lost/stolen card and additional transactions were processed? Example: Affidavit states card stolen 04/10, but blocked on Network 05/18.
Answer: 

The cardholder's delay can affect his liability for unauthorized transactions effected with the card, under Regulation E, section 205.6.

First published on BankersOnline.com 6/27/11

First published on 06/27/2011

Filed under: 
Filed under technology as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics