Question

Belinda received her credit card statement in the mail and noticed that her last payment had not been posted. She notified the bank immediately. How long does the bank have to investigate and/or correct the mistake?

A. 2 months from the date of the bill
B. 2 billing cycles
C. 2 days
D. 1 week
@lulu22

Answer 1

@ganeshie8

Answer 2

C @divagirl421

Answer 3

I was just reading about the "billing error law."

Once the credit card issuer receives your written notice of the billing error (your "billing-error notice"), the "billing-error law" requires the credit card issuer to do each of the following:

First: Either correct the error, or mail or give you a written acknowledgment of receipt of the notice, within 30 days after receiving it, and

Second: Within two complete billing cycles, decide whether the card issuer believes that an error occurred, and take appropriate action.

^^ Take a look at "Second" for what seems to be the answer.

http://www.dca.ca.gov/publications/legal_guides/cr-8.shtml

@divagirl421

Note: Options C and D are not correct.

Answer 4

yes it was

Answer 5

The correct answer is B not C.
i hope no one else gets the answer wrong :D