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CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) Questions 195–197 (page: 118)

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.

It is not required for accounts where the only EFT allowed is a preauthorized transfer to an account. If the account is a passbook account, the bank updates the passbook on presentation; if not, the bank it at least quarterly.

It is not required for accounts where the only EFT allowed is a preauthorized transfer to an account. If the account is a passbook account, the bank updates the passbook on presentation; if not, the bank it at least quarterly.

It is not required for accounts where the only EFT allowed is a preauthorized transfer to an account. If the account is a passbook account, the bank updates the passbook on presentation; if not, the bank it at least quarterly.

Under Unauthorized transfers-12 CFR 205.6 prerequisites for consumer liability are all of the following EXCEPT: