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

  1. Three days before the transfer is to occur
  2. Within 14 days of oral notice
  3. Binding after 14 days if no written confirmation is received
  4. None of these

Answer(s): A



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

  1. Three days before the transfer is to occur
  2. Within 14 days of oral notice
  3. Binding after 14 days if no written confirmation is received
  4. None of these

Answer(s): A



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:

  1. Regulation E B.
    Regulation T C.
    Regulation CC D.
    Regulation Z

Answer(s): A



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:

  1. Regulation E B.
    Regulation T C.
    Regulation CC D.
    Regulation Z

Answer(s): A






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