Limits the liability of a debit cardholder for unauthorized use of a debit card

This bill caps debit cardholders' liability for unauthorized transactions at $50. It requires card issuers to clearly explain this limit and how to report lost or stolen cards. Cardholders must report loss before unauthorized use occurs to qualify for the $50 protection. The law aligns debit card protections with existing federal standards for credit cards under the Truth in Lending Act.