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Free CRCM Exam Braindumps (page: 144)

Page 144 of 344
PDF with 463 Questions

is a transfer that is authorized in advance to occur at substantially regular intervals. Payments that require the consumer to take specific actions to initiate them (such as by entering instructions on a touch-tone telephone or on the Internet) are not such type of EFTs.

  1. A preauthorized EFT
  2. A postauthorized EFT
  3. A standard format EFT
  4. A customized EFT

Answer(s): A



is a transfer that is authorized in advance to occur at substantially regular intervals. Payments that require the consumer to take specific actions to initiate them (such as by entering instructions on a touch-tone telephone or on the Internet) are not such type of EFTs.

  1. A preauthorized EFT
  2. A postauthorized EFT
  3. A standard format EFT
  4. A customized EFT

Answer(s): A



is a transfer that is authorized in advance to occur at substantially regular intervals. Payments that require the consumer to take specific actions to initiate them (such as by entering instructions on a touch-tone telephone or on the Internet) are not such type of EFTs.

  1. A preauthorized EFT
  2. A postauthorized EFT
  3. A standard format EFT
  4. A customized EFT

Answer(s): A



Initial disclosure under Electronic funds transfer act includes:

  1. A summary of the consumer's liability for unauthorized transfers
  2. Telephone number and address of person or office to be notified in case of any authorized transfer
  3. The type of EFT the consumer may make and any limitations on EFTs
  4. A summary of institution's liability to consumer for failure to make or stop transactions

Answer(s): A,C,D



Page 144 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