Free AAP ACH Rules and Regulations Questions and Answers
For which of the following return codes is a Written Statement of Unauthorized Debit not required?
Correct!
Wrong!
According to Reg E, a financial institution must provide notification to a consumer within ___ day(s) of preauthorized transfer.
Correct!
Wrong!
The ACH Rules state that items returned for R01 and R09 can only be reinitiated two times for all of the following SEC codes except:
Correct!
Wrong!
When will an ODFI receive returns with an R18 code from the ACH Operator?
Correct!
Wrong!
What is the Addenda Type Code used for an IAT Return?
Correct!
Wrong!