AAP Study Guide 2026

Everything you need to pass the AAP exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.

📋 AAP Exam Format at a Glance

120

Questions

180 min

Time Limit

70.00%

Passing Score

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📚 AAP Topics to Study (22)

ACH File Structure and Record Types · 7 cards ACH File Structure and Record Types · 7 cards ACH File Structure and Record Types · 7 cards ACH Network Participants and Roles · 6 cards ACH Network Participants and Roles · 6 cards ACH Network Participants and Roles · 6 cards Authorization Requirements · 6 cards Authorization Requirements · 6 cards Authorization Requirements · 6 cards Compliance and Audit · 6 cards Compliance and Audit · 6 cards Compliance and Audit · 6 cards Returns, Reversals, and Adjustments · 6 cards Returns, Reversals, and Adjustments · 6 cards Returns, Reversals, and Adjustments · 6 cards SEC Codes and Entry Types · 6 cards SEC Codes and Entry Types · 6 cards SEC Codes and Entry Types · 6 cards ACH Rules and Regulations · 5 cards Operational Processes · 5 cards Payment System · 5 cards Risk Management · 5 cards

✍️ Sample AAP Questions & Answers

1. Stop payment requests from consumers regarding ACH debits must be honored by the RDFI if received:

✓ In time to allow a reasonable opportunity to act before the scheduled debit

Under Regulation E and NACHA rules, the RDFI must honor a stop payment request if it is received in time for the institution to have a reasonable opportunity to act on it.

2. Return code R07 indicates:

✓ Authorization revoked by the Receiver

R07 (Authorization Revoked by Consumer) is used when a consumer has revoked a previously granted authorization for recurring debits.

3. NOC change code C01 indicates:

✓ Incorrect DFI account number

C01 is the change code used in a Notification of Change to indicate that the DFI account number in the entry is incorrect and needs to be updated.

4. When must an ODFI suspend an Originator's ACH origination privileges?

✓ When the ODFI determines the Originator has materially breached the origination agreement or NACHA rules

An ODFI must suspend an Originator that has materially breached the ACH origination agreement or the NACHA Operating Rules to protect the network and limit the ODFI's liability.

5. A consumer's written authorization for a recurring ACH debit must include which essential element?

✓ The Receiver's signature or electronic equivalent authorizing the debit

An authorization for recurring ACH debits must be signed or agreed to by the consumer (Receiver) using a written signature or its electronic equivalent.

6. For which of the following return codes is a Written Statement of Unauthorized Debit not required?

✓ R-38

For the return code R-38 (Stop Payment on Source Document), a Written Statement of Unauthorized Debit (WSUD) is not required. A WSUD is typically needed for unauthorized transactions where the consumer claims they did not authorize the debit. However, for an R-38, the consumer has already initiated a stop payment, which serves as sufficient notification to the financial institution.

🎯 Free AAP Practice Tests

ACH File Structure and Record Types · 7 questions ACH File Structure and Record Types · 7 questions ACH File Structure and Record Types · 7 questions Compliance and Audit · 6 questions SEC Codes and Entry Types · 6 questions Returns, Reversals, and Adjustments · 6 questions SEC Codes and Entry Types · 6 questions ACH Network Participants and Roles · 6 questions Returns, Reversals, and Adjustments · 6 questions Authorization Requirements · 6 questions

📖 AAP Guides & Articles

Your AAP Study Path

1. Learn with Flashcards → 2. Drill Practice Tests → 3. Take the Full Exam Simulation

🃏 AAP Flashcards (131)🏆 AAP Exam Simulation

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