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Free CRCM Exam Braindumps (page: 155)

Page 155 of 344
PDF with 463 Questions

Payroll card accounts established directly or indirectly by an employer for the purpose of electronically transferring an employee's wages, salary, or other compensation on a recurring basis, are covered by:

  1. Regulation E B.
    Regulation T C.
    Regulation CC D.
    Regulation Z

Answer(s): A



As an alternative to providing a periodic statement, a financial institution holding payroll card accounts may make available:

  1. The account balance, accessed through a readily available telephone line
  2. An electronic history of the account that covers a period of at least 60 days preceding the time the consumer electronically accesses the account
  3. A written history of account transactions, available on request that covers a period of at least 15 days preceding the date of the consumer request
  4. A written history of account transactions, available on request that covers a period of at least 30 days preceding the date of the consumer request

Answer(s): A,B



As an alternative to providing a periodic statement, a financial institution holding payroll card accounts may make available:

  1. The account balance, accessed through a readily available telephone line
  2. An electronic history of the account that covers a period of at least 60 days preceding the time the consumer electronically accesses the account
  3. A written history of account transactions, available on request that covers a period of at least 15 days preceding the date of the consumer request
  4. A written history of account transactions, available on request that covers a period of at least 30 days preceding the date of the consumer request

Answer(s): A,B



As an alternative to providing a periodic statement, a financial institution holding payroll card accounts may make available:

  1. The account balance, accessed through a readily available telephone line
  2. An electronic history of the account that covers a period of at least 60 days preceding the time the consumer electronically accesses the account
  3. A written history of account transactions, available on request that covers a period of at least 15 days preceding the date of the consumer request
  4. A written history of account transactions, available on request that covers a period of at least 30 days preceding the date of the consumer request

Answer(s): A,B



Page 155 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
upvote

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