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Free CRCM Exam Braindumps (page: 150)

Page 150 of 344
PDF with 463 Questions

There is no error in an error in EFT when there is situation as:

  1. The reversal of a direct deposit made in error is not considered an unauthorized EFT if the deposit was made to the wrong customer's account, a duplicate was made to the customer's account, or a credit was made in the wrong amount
  2. A request for duplicate copies of statements
  3. The failure to receive a receipt from an electronic terminal when the transaction amount is $25 or more
  4. A returning request for information for tax or recordkeeping purposes

Answer(s): A,B



There is no error in an error in EFT when there is situation as:

  1. The reversal of a direct deposit made in error is not considered an unauthorized EFT if the deposit was made to the wrong customer's account, a duplicate was made to the customer's account, or a credit was made in the wrong amount
  2. A request for duplicate copies of statements
  3. The failure to receive a receipt from an electronic terminal when the transaction amount is $25 or more
  4. A returning request for information for tax or recordkeeping purposes

Answer(s): A,B



There is no error in an error in EFT when there is situation as:

  1. The reversal of a direct deposit made in error is not considered an unauthorized EFT if the deposit was made to the wrong customer's account, a duplicate was made to the customer's account, or a credit was made in the wrong amount
  2. A request for duplicate copies of statements
  3. The failure to receive a receipt from an electronic terminal when the transaction amount is $25 or more
  4. A returning request for information for tax or recordkeeping purposes

Answer(s): A,B



Following mentioned are the responsibilities of:
1. Must notify the bank, either orally or in writing, of error within 60 days:
· Of the institution's transmission of a statement or other documentation on which the error first appears or
· Of receiving additional information or clarification provided pursuant to the consumer's request
2. . Consumer's notification should include the following items · Consumer's name and account number or information that allows the institution to identify the consumer's name or account number
· Consumer's belief and reasons for the belief that an error exists and, if possible, the type, date, and amount of the error (this information does not have to be given if the consumer is simply requesting further information or clarification)

  1. Consumer
  2. Financial institution
  3. Reserve Bank
  4. A third party

Answer(s): A



Page 150 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
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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.
UNITED STATES
upvote