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Free CRCM Exam Braindumps (page: 119)

Page 119 of 344
PDF with 463 Questions

Which of the following are included in unfair practices during debt practices?

  1. May collect only amount legally owed
  2. Postdated checks
  3. May not solicit for purpose of instituting criminal action
  4. May not deposit before date on check
  5. If a check is postdated longer than 5 days, must notify consumer of deposit at least 3 days and no more than 10 days before depositing
  6. May possibly communicate regarding a debt by postcard
  7. May use any language or symbol other than collector's address on any envelope except debt collector may use business name if it does not indicate it is a debt collection business.

Answer(s): A,B



Validation of debt says:

  1. Consumer must be sent debt validation in writing within five calendar days of initial communication unless information is contained in initial communication or unless consumer pays the debt
  2. If consumer disputes a debt in writing within 60 days, all collection activity must stop until the debt is verified
  3. If consumer disputes a debt in writing within 15 days, all collection activity must stop until the debt is verified
  4. If a consumer owes multiple debts and makes any multiple payments, debt collector must apply to debt in accordance with the consumer's direction

Answer(s): A



Validation of debt says:

  1. Consumer must be sent debt validation in writing within five calendar days of initial communication unless information is contained in initial communication or unless consumer pays the debt
  2. If consumer disputes a debt in writing within 60 days, all collection activity must stop until the debt is verified
  3. If consumer disputes a debt in writing within 15 days, all collection activity must stop until the debt is verified
  4. If a consumer owes multiple debts and makes any multiple payments, debt collector must apply to debt in accordance with the consumer's direction

Answer(s): A



Validation of debt says:

  1. Consumer must be sent debt validation in writing within five calendar days of initial communication unless information is contained in initial communication or unless consumer pays the debt
  2. If consumer disputes a debt in writing within 60 days, all collection activity must stop until the debt is verified
  3. If consumer disputes a debt in writing within 15 days, all collection activity must stop until the debt is verified
  4. If a consumer owes multiple debts and makes any multiple payments, debt collector must apply to debt in accordance with the consumer's direction

Answer(s): A



Page 119 of 344



Post your Comments and Discuss Banking CRCM exam with other Community members:

LeAnne Hair commented on August 24, 2023
#229 in incorrect - all the customers require an annual review
UNITED STATES
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LeAnne Hair commented on August 24, 2023
#229 in incorrect - all the customers require an annual review
UNITED STATES
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LeAnne Hair commented on August 24, 2023
I think question 204 has an incorrect solution. It should be D-Regulation E
UNITED STATES
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Igor commented on April 10, 2020
Guys, leave no stones unturned. Try to study every questions and anything other supplementary material you have. The exam is not easy. I just wrote mine and if it wss not for these questions I would have not have passed it.
BULGARIA
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Lori commented on July 20, 2017
I had a good result. Worth the money.
UNITED STATES
upvote

Chipps commented on July 20, 2017
Studying from this dump helped me understand the concept and what comes in the exam. But I only get about 80 to 85% of the questions not 100% as it is claimed. Well... still good enough to pass.
UNITED STATES
upvote