2172356
Description
Quiz by jenniferdl, updated more than 1 year ago
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Created by jenniferdl
over 9 years ago
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Question 1
Question
3. Traditional IRA Catch-Up contributions allow persons of qualifying age to contribute an additional $________________.
Answer
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$500
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$1000
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$1500
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$2000
Question 2
Question
5. The cost for Motorcycle, ATV or Watercraft GAP coverage is:
Answer
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$295
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$220
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$300
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$495
Question 3
Question
An important part of this act requires the credit union to develop a comprehensive Information Security Program to safeguard it’s member’s confidential information
Answer
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A. Truth In Disclosure
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B. Privacy of Consumer Financial Information
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C. Right to Financial Privacy Act
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E. Security Information Act
Question 4
Question
Our Equipment Loans offer terms determined by the year and value of the vehicle up to:
Answer
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A. 120 months
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B. 84 months
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C. 72 months
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D. None of the above
Question 5
Question
1. A purpose of Regulation C, the Home Mortgage Disclose Act, is:
Answer
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A. To allow the Federal Reserve to track and control the mortgage supply
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B. To help determine if lending institutions are meeting the housing credit needs of their communities
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C. To promote uniformity in consumer credit advertising and disclosures for home mortgages
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D. To provide uniformity in mortgage interest rates disclosed to consumers
Question 6
Question
Night Depository receipts are always mailed to the member.
Answer
- True
- False
Question 7
Question
This is a special relationship in which the member authorizes a person to access their account on their behalf.
Answer
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Representative Payee
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Custodian
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Durable Power of Attorney
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Guardianship/Conservator.
Question 8
Question
With VISA Debit Cards from TEXAR there is a point of sale limit of 7 transactions per day.
Answer
- True
- False
Question 9
Question
If more than one beneficiary is named on an account with a Payable on Death designation:
Answer
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Funds are distributed evenly.
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Funds are distributed to the first beneficiary named and it is his/her responsibility to divide the funds as they see fit.
Question 10
Question
Durable Power of Attorney designation:
Answer
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Continues for a period not to exceed one year.
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Continues indefinitely until it is revoked by the agent or until the agent or the owner dies.
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Continues for 30 for calendar days with a three day grace period for renewal.
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