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Free CRCM Exam Braindumps (page: 151)

Page 151 of 344
PDF with 463 Questions

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



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



During a EFT, if the institution determines that no error has occurred or that an error occurred in a manner or amount different than the alleged error, it:

  1. Must notify the consumer in writing of the date and amount of the debit to account and the fact that the institution will continue to honor checks and preauthorized transfers payable to third parties for seven business days
  2. Must promptly provide on request copies of documentation on which institution relied on to determined that no error occurred
  3. Must pay only items that the institution would have paid if the provisionally credited funds had not been debited
  4. Any of these

Answer(s): A,B,C



During a EFT, if the institution determines that no error has occurred or that an error occurred in a manner or amount different than the alleged error, it:

  1. Must notify the consumer in writing of the date and amount of the debit to account and the fact that the institution will continue to honor checks and preauthorized transfers payable to third parties for seven business days
  2. Must promptly provide on request copies of documentation on which institution relied on to determined that no error occurred
  3. Must pay only items that the institution would have paid if the provisionally credited funds had not been debited
  4. Any of these

Answer(s): A,B,C



Page 151 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
upvote

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