According to the Fair Credit Billing Act (FCBA), what is the maximum number of days a credit cardholder has to dispute a billing error?

Under the Fair Credit Billing Act (FCBA), a credit cardholder has a maximum of 60 days from the date the billing statement is sent to dispute a billing error. This timeframe is important as it allows consumers to review their statements for inaccuracies and respond to them promptly. The act provides essential protections for consumers by enabling them to address unauthorized charges, billing errors, and issues related to goods or services not received as expected. By specifying a 60-day window, the FCBA encourages prompt reporting and resolution of disputes, which is crucial for maintaining the integrity of credit accounts and protecting consumer rights. Understanding this timeframe is essential for anyone working in the field of mortgage compliance and consumer protection, as it highlights the rights of consumers in managing their credit accounts effectively.