Free AAP ACH Rules and Regulations Questions and Answers
When will an ODFI receive returns with an R18 code from the ACH Operator?
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!
According to Reg E, a financial institution must provide notification to a consumer within ___ day(s) of preauthorized transfer.
Correct!
Wrong!
For which of the following return codes is a Written Statement of Unauthorized Debit not required?
Correct!
Wrong!
What is the Addenda Type Code used for an IAT Return?
Correct!
Wrong!