Free CRCM Exam Braindumps (page: 143)

Page 143 of 344

Implemented by , EFTA is intended to provide certain rights to individual consumers using EFT payment systems. It also places responsibilities on financial institutions whose accounts are affected by EFTs.

  1. Regulation E (Electronic Fund Transfers)
  2. Regulation F (Electronic Fund Transfers)
  3. Regulation T (Electronic Fund Transfers)
  4. Regulation A (Electronic Fund Transfers)

Answer(s): A



EFT provides consumers with limitations on liability for unauthorized electronic fund transfers. It includes the following types of funds transfers EXCEPT:

  1. Point-of-sale transfers
  2. Automated teller machine (ATM) transfers
  3. Transfers initiated by Fax
  4. Withdrawals of funds, including merchant transactions where no electronic terminal is involved, if the customer's account is debited

Answer(s): C



EFT provides consumers with limitations on liability for unauthorized electronic fund transfers. It includes the following types of funds transfers EXCEPT:

  1. Point-of-sale transfers
  2. Automated teller machine (ATM) transfers
  3. Transfers initiated by Fax
  4. Withdrawals of funds, including merchant transactions where no electronic terminal is involved, if the customer's account is debited

Answer(s): C



EFT provides consumers with limitations on liability for unauthorized electronic fund transfers. It includes the following types of funds transfers EXCEPT:

  1. Point-of-sale transfers
  2. Automated teller machine (ATM) transfers
  3. Transfers initiated by Fax
  4. Withdrawals of funds, including merchant transactions where no electronic terminal is involved, if the customer's account is debited

Answer(s): C



Page 143 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
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LeAnne Hair commented on August 24, 2023
#229 in incorrect - all the customers require an annual review
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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
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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.
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Lori commented on July 20, 2017
I had a good result. Worth the money.
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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.
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