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Cash items' payment proceeds must be available to the Reserve Bank by the latest of:

Answer(s): A,B,C

Cash items' payment proceeds must be available to the Reserve Bank by the latest of:

Answer(s): A,B,C

Cash items' payment proceeds must be available to the Reserve Bank by the latest of:

Answer(s): A,B,C

When returning items to a Reserve Bank, the paying and returning banks:

Cannot disclaim the warranties, authorizations, and agreements whether or not the returned check bears an endorsement of the paying bank or returning bank
Authorize the Reserve Bank to handle the item in accordance with Regulation J and the operating circulars
Warrant that the check bears all endorsements applied by all parties that handled the check in paper or electronic form
will not be liable for the failure of a paying bank, collecting bank, or a nonbank payer to pay for an item

Answer(s): A,B,C

When returning items to a Reserve Bank, the paying and returning banks:

Cannot disclaim the warranties, authorizations, and agreements whether or not the returned check bears an endorsement of the paying bank or returning bank
Authorize the Reserve Bank to handle the item in accordance with Regulation J and the operating circulars
Warrant that the check bears all endorsements applied by all parties that handled the check in paper or electronic form
will not be liable for the failure of a paying bank, collecting bank, or a nonbank payer to pay for an item

Answer(s): A,B,C

Free CRCM Exam Braindumps CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) Questions 179–180 (page: 108)