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How much is a consumer entitled to receive in an expedited recredit?

April 26, 2017consumer entitled Expedited recredit

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How much is a consumer entitled to receive in an expedited recredit?

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Federal law limits an expedited recredit to the amount of the consumer’s loss, up to the amount of the substitute check, plus interest if the account earns interest. Consumers could be entitled to additional amounts under other state or federal law.