The institution need not provisionally credit the consumer's account if it requires but does not receive written confirmation of oral notice of error or if the error involves an account subject to the margin requirements of ______________.
The correct answer is A. Regulation T. Regulation T governs the extension of credit by brokers and dealers, including requirements related to margin accounts. If the error involves an account subject to the margin requirements of Regulation T, the institution may not be required to provisionally credit the consumer's account during the investigation of the reported error. This is an exception to the general rule under Regulation E, which typically requires financial institutions to provisionally credit a consumer's account while investigating a reported error in an electronic fund transfer.
upvoted 1 times
...
Log in to ExamTopics
Sign in:
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.
Upvoting a comment with a selected answer will also increase the vote count towards that answer by one.
So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.
Cam22
4 months ago