Brandon lost his debit card. When he realized it was gone, his account had $238 in unauthorized charges. Since he was embarrassed about his loss, he didn't contact his financial institution for 70 days. What is the most that he is liable for?
Brandon cannot actually report his debit card as lost because he still has it, but he could have reported the unauthorized transactions with the debit card within a 60 days period after they were made, and he wouldn't have been responsible for them.
Time limits matter, and since Brandon didn't report this incident on time he is responsible for the $238 spent.
