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.
Answer(s): A
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.
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LeAnne Hair Commented on August 24, 2023 #229 in incorrect - all the customers require an annual review UNITED STATES
LeAnne Hair Commented on August 24, 2023 I think question 204 has an incorrect solution. It should be D-Regulation E UNITED STATES
Igor Commented on April 10, 2020 Guys, leave no stones unturned. Try to study every questions and anything other supplementary material you have. The exam is not easy. I just wrote mine and if it wss not for these questions I would have not have passed it. BULGARIA
Lori Commented on July 20, 2017 I had a good result. Worth the money. UNITED STATES
Chipps Commented on July 20, 2017 Studying from this dump helped me understand the concept and what comes in the exam. But I only get about 80 to 85% of the questions not 100% as it is claimed. Well... still good enough to pass. UNITED STATES
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