Exam CRCM topic 1 question 198 discussion

The correct answer is A. Change-in-terms notice. This notice is required to be provided in writing to consumers at least 21 days before the effective date of any change in terms or conditions that were disclosed in the initial disclosure statement if the change results in increased fees, increased liability for the consumer, fewer types of available electronic fund transfers, or stricter limitations on the frequency or dollar amount of transfers. This requirement ensures that consumers are adequately informed about changes that could affect their use of electronic fund transfer services.