To stop a payment of a preauthorized transfer, consumer must notify the institution or in writing at least:
A) Three days before the transfer is to occur
B) Within 14 days of oral notice
C) Binding after 14 days if no written confirmation is received
D) None of these
Correct Answer:
Verified
Q206: Payroll card accounts established directly or indirectly
Q207: First National Bank opened a letter of
Q208: Following institutions comes under the heading of
Q209: Consumers are not considered to be the
Q210: The OCC has determined that a national
Q212: First National Bank, a U.S. bank, is
Q213: Country A (a foreign country that is
Q214: A financial institution may provide a customer
Q215: The institution need not provisionally credit the
Q216: As an alternative to providing a periodic
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents