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Free CRCM Exam Braindumps (page: 145)

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PDF with 463 Questions

is a transfer that is authorized in advance to occur at substantially regular intervals. Payments that require the consumer to take specific actions to initiate them (such as by entering instructions on a touch-tone telephone or on the Internet) are not such type of EFTs.

  1. A preauthorized EFT
  2. A postauthorized EFT
  3. A standard format EFT
  4. A customized EFT

Answer(s): A



is a transfer that is authorized in advance to occur at substantially regular intervals. Payments that require the consumer to take specific actions to initiate them (such as by entering instructions on a touch-tone telephone or on the Internet) are not such type of EFTs.

  1. A preauthorized EFT
  2. A postauthorized EFT
  3. A standard format EFT
  4. A customized EFT

Answer(s): A



is a transfer that is authorized in advance to occur at substantially regular intervals. Payments that require the consumer to take specific actions to initiate them (such as by entering instructions on a touch-tone telephone or on the Internet) are not such type of EFTs.

  1. A preauthorized EFT
  2. A postauthorized EFT
  3. A standard format EFT
  4. A customized EFT

Answer(s): A



Initial disclosure under Electronic funds transfer act includes:

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

Answer(s): A,C,D






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