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CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) Questions 205–207 (page: 124)

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:

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

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

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

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: