It Must Provide in Writing to Consumer at Least 21

question 195

Multiple Choice

It must provide in writing to consumer at least 21 days before the effective date of any change in a term or condition disclosed in the initial disclosure statement if the change results in: • Increased fees • Increased liability for the consumer • Fewer types of available EFTs • Stricter limitations on frequency or dollar amount of EFTs What is it?

• A) Change-in-terms notice
• B) Error resolution notice
• C) Unauthorized transfers
• D) Return items document

---

Definitions:

Expired Insurance

Refers to insurance policies where the coverage period has ended and has not been renewed or extended.

Assets

Resources owned or controlled by a business, entity, or individual, which are expected to produce economic value or future benefits.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the appropriate period.

Unearned Revenue

Income received by a company for goods or services that have yet to be provided to the purchaser.