Under Unauthorized transfers-12 CFR 205.6 prerequisites for consumer liability are all of the following EXCEPT:

Under Unauthorized transfers-12 CFR 205.6 prerequisites for consumer liability are all of the following EXCEPT:
A. If an access device was used, it must have been an accepted access device
B. Institution must have provided a means of identifying the consumer to whom the device was issued (for example, by electronic means (PIN), photograph, or fingerprint)
C. Increased liability for the consumer
D. Institution must have provided the following in writing to the consumer
• A summary of consumer’s liability for unauthorized transfers
• Telephone number and address of person or office to be notified
• in case of unauthorized transfer
• Institution’s business days

Download Printable PDF. VALID exam to help you PASS.

Leave a Reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.