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Free CRCM Exam Braindumps (page: 149)

Page 149 of 344
PDF with 463 Questions

Which of the following is/are NOT limitations on liability in EFT?

  1. $150 liability limit if consumer notifies the institution within two business days of discovery of loss or theft of access device, not including the day the consumer learns of the loss or theft
  2. If state law has more generous limitations of liability for the consumer, the state laws will govern
  3. Full liability (up to the amount of the unauthorized transfer) may be imposed if the consumer does not notify the institution within 30 days of the institution's transmission of the statement on which the first unauthorized transfer appears (to raise the liability limit, the institution must first establish that the unauthorized transfers would not have occurred if the consumer had notified the institution within the 30 days). The unlimited liability applies only to the transactions that occur after the 30-day time period
  4. Extenuating circumstances (such as hospital confinements, travel, and so forth) may extend the liability time periods

Answer(s): A,D



An error in EFT includes any of the following:

  1. An unauthorized EFT
  2. The omission from a periodic statement of an EFT that should have been included
  3. A consumer's request for documentation required to be given on receipts or statements or for clarification of information (does not include routine inquiries about account balances)
  4. All of these

Answer(s): D



An error in EFT includes any of the following:

  1. An unauthorized EFT
  2. The omission from a periodic statement of an EFT that should have been included
  3. A consumer's request for documentation required to be given on receipts or statements or for clarification of information (does not include routine inquiries about account balances)
  4. All of these

Answer(s): D



An error in EFT includes any of the following:

  1. An unauthorized EFT
  2. The omission from a periodic statement of an EFT that should have been included
  3. A consumer's request for documentation required to be given on receipts or statements or for clarification of information (does not include routine inquiries about account balances)
  4. All of these

Answer(s): D



Page 149 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