Cfpb mct 3 - Study guides, Class notes & Summaries

CFPB MCT 3 Questions & answers latest update 2024/2025 with complete solution

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CFPB MCT 3 QUESTIONS AND ANSWERS WITH SOLUTIONS 2024

CFPB MCT 3 Exam Review Questions and answers, VERIFIED/ 7. Any time that a credit balance greater than $1 is created in a consumer's account, what must a servicer do? A. Credit the balance to the account and refund the remaining credit balance within 7 days of receiving a written request. B. Credit the balance to the account only, no refund is necessary. C. Credit the balance to the account and refund the remaining credit balance within 10 days of receiving a written request. D...

7. Any time that a credit balance greater than $1 is created in a consumer's account, what must a servicer do? A. Credit the balance to the account and refund the remaining credit balance within 7 days of receiving a written request. B. Credit the balance to the account only, no refund is necessary. C. Credit the balance to the account and refund the remaining credit balance within 10 days of receiving a written request. D. Refund the credit balance within 12 months if no written reques...