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QUESTION: 194

Initial disclosure under Electronic funds transfer act includes:

A summary of the consumer's liability for unauthorized transfers
Telephone number and address of person or office to be notified in case of any authorized transfer
The type of EFT the consumer may make and any limitations on EFTs
A summary of institution's liability to consumer for failure to make or stop transactions

Answer(s): A,C,D

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QUESTION: 194

Initial disclosure under Electronic funds transfer act includes:

A summary of the consumer's liability for unauthorized transfers
Telephone number and address of person or office to be notified in case of any authorized transfer
The type of EFT the consumer may make and any limitations on EFTs
A summary of institution's liability to consumer for failure to make or stop transactions

Answer(s): A,C,D

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QUESTION: 194

Initial disclosure under Electronic funds transfer act includes:

A summary of the consumer's liability for unauthorized transfers
Telephone number and address of person or office to be notified in case of any authorized transfer
The type of EFT the consumer may make and any limitations on EFTs
A summary of institution's liability to consumer for failure to make or stop transactions

Answer(s): A,C,D

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Electronic funds transfers' requirements say that transfers that vary in amount must be communicated to the designated payee within before the scheduled transfer or may give the consumer the option of receiving notice only when a transfer falls outside a specified range of amounts.