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Free CRCM Exam Braindumps (page: 153)

Page 153 of 344
PDF with 463 Questions

The OCC has determined that a national bank may not assume that, simply because a consumer's PIN or ATM card was used in a transaction, that transaction is authorized. Banks are required to take reasonable steps to determine whether the transaction was authorized. Such steps might include the bank's review of:

  1. Documentation or written, signed statements provided by the consumer
  2. Historical information on the customer's pattern of use (such as time, location, types of transactions, and so on)
  3. Problems reported by regular customers regarding the access device or ATM
  4. Legal reports

Answer(s): A,B



The OCC has determined that a national bank may not assume that, simply because a consumer's PIN or ATM card was used in a transaction, that transaction is authorized. Banks are required to take reasonable steps to determine whether the transaction was authorized. Such steps might include the bank's review of:

  1. Documentation or written, signed statements provided by the consumer
  2. Historical information on the customer's pattern of use (such as time, location, types of transactions, and so on)
  3. Problems reported by regular customers regarding the access device or ATM
  4. Legal reports

Answer(s): A,B



The OCC has determined that a national bank may not assume that, simply because a consumer's PIN or ATM card was used in a transaction, that transaction is authorized. Banks are required to take reasonable steps to determine whether the transaction was authorized. Such steps might include the bank's review of:

  1. Documentation or written, signed statements provided by the consumer
  2. Historical information on the customer's pattern of use (such as time, location, types of transactions, and so on)
  3. Problems reported by regular customers regarding the access device or ATM
  4. Legal reports

Answer(s): A,B



To stop a payment of a preauthorized transfer, consumer must notify the institution or in writing at least:

  1. Three days before the transfer is to occur
  2. Within 14 days of oral notice
  3. Binding after 14 days if no written confirmation is received
  4. None of these

Answer(s): A



Page 153 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