Nacha Operating Rules And Guidelines! Trivia Quiz

43 Questions | By Tmarkey | Last updated: Mar 19, 2022 | Total Attempts: 194

Questions

Settings

Create your own Quiz

Nacha Operating Rules And Guidelines! Trivia Quiz - Quiz

National Automated Clearing House Association NACHA

Questions and Answers

1.

NACHA, Operating Rules: Article 1
- A.
  
  General information
- B.
  
  Check Truncation
- C.
  
  Originators
- D.
  
  None of the above
2.

NACHA, Operating Rules: Article 10
- A.
  
  Receivers
- B.
  
  Originators
- C.
  
  Check Truncation
- D.
  
  Checks
- E.
  
  None of the above
3.

NACHA, Operating Rules: Article 11
- A.
  
  Receipt of Entries
- B.
  
  Cross Border Payments
- C.
  
  Originating Entries
- D.
  
  None of the above
4.

NACHA, Operating Rules: Article 12
- A.
  
  Requirements of Receivers
- B.
  
  Requirements of Originators
- C.
  
  Requirements of Associations
- D.
  
  None of the above
5.

NACHA, Operating Rules: Article 13
- A.
  
  Cross Border Payments
- B.
  
  Requirements of Associations
- C.
  
  Amendment of the Rules
- D.
  
  None of the above
6.

NACHA, Operating Rules: Article 14
- A.
  
  Recall, Stop Payment
- B.
  
  Definition of Terms
- C.
  
  Cross Border entries
- D.
  
  None of the above
7.

NACHA, Operating Rules: Article 3
- A.
  
  Obligations of Receivers
- B.
  
  Originators
- C.
  
  Obligations of Originators
- D.
  
  None of the above
8.

NACHA, Operating Rules: Article 4
- A.
  
  Obligations of Originators
- B.
  
  Obligations of thrid party senders
- C.
  
  Receipt of Entries
- D.
  
  None of the above
9.

NACHA, Operating Rules: Article 5
- A.
  
  Obligations of third party senders
- B.
  
  Returns, Adjustments, Corrections
- C.
  
  Recall, Stop Payment
- D.
  
  None of the above
10.

NACHA, Operating Rules: Article 6
- A.
  
  Recall, Stop Payments
- B.
  
  Returns, Adjustments, Corrections
- C.
  
  Obligations of Originators
- D.
  
  None of the above
11.

NACHA, Operating Rules: Article 7
- A.
  
  Settlement & Accountability
- B.
  
  Recall, Stop Payment
- C.
  
  Receipt of Entries
- D.
  
  None of the above
12.

NACHA, Operating Rules: Article 8
- A.
  
  Obligations of third party senders
- B.
  
  Recall, Stop Payment
- C.
  
  Settlement & Accountability
- D.
  
  None of the above
13.

NACHA, Operating Rules: Article 9
- A.
  
  Obligations of third party senders
- B.
  
  Obligations of Originators
- C.
  
  Obligations of ACH Operators
- D.
  
  None of the above
14.

Notice posted to Consumer - Comes from Regulation ___.
15.

OCC 235 addresses large payment system risk that applies to_________________.
16.

Recurring Payment - Notice to stop payment in ___ days.
17.

REG E allows ____ days to dispute an error.
18.

Reg ____ permits 6 payments for a month period with 3 out of the 6 being ACH. If this is not the case, the account needs to be __________.
19.

Reg E does not cover _________ and ___________.
20.

Regulation _____ is rights to the consumer. Does not cover __________ accounts.
- A.
  
  E., Consumer
- B.
  
  D., Transaction
- C.
  
  E., Business
- D.
  
  None of the above
21.

Regulation _______ governs certain aspects of check collectio such as funds avialability to the check depositor.
22.

Regulation CC was created by ____________ in _______.
23.

Regulation _____ includes reserve requirements of Depository Institutions
24.

Regulation E can be modified by:
- A.
  
  Member Financial Institutions
- B.
  
  Board of Governors of Federal Reserve
- C.
  
  Payments Associations
- D.
  
  None of the above
25.

What Regulation encompasses the check collection process when the Federal Reserve is used?
- A.
  
  Regulation E
- B.
  
  Regulation CC
- C.
  
  Regulation J
- D.
  
  None of the above