National Check Payments Certification (NCP) Questions and Verified Answers Latest 2026 Update | Graded A+ | 100% Success

National Check Payments Certification
(NCP) Questions and Verified Answers
Latest 2026 Update | Graded A+ | 100%
Success

Expedited Funds Availability Act also knows - Correct Answer -Known as Reg CC




What does EFAA stand for? - Correct Answer -Expedited Funds Availability Act




What do Reg J cover? - Correct Answer -Check Collections




What does UCC Article 5 cover - Correct Answer -Letters of Credit




What is a Note (negotiable instrument) - Correct Answer -Promise to Pay UCC 3-
104




What is a Draft (negotiable instrument) - Correct Answer -Order to Pay UCC 3-103

, Note has two parties name the parties - Correct Answer -Borrower called the
Maker Lender called the Payee




Is a Check a Type of Draft? - Correct Answer -Yes




Draft has three parties - Correct Answer -payee, drawer, and drawee




Define Drawer
Define Drawer - Correct Answer -Person who wrote the check




Define Payee - Correct Answer -Person receiving Payment




Define Drawee
Define Drawee - Correct Answer -Person ordered in a draft to make payment




Define Cashier's Check - UCC 3-104 - Correct Answer -a draft with respect to which
the drawer and drawee are the same band or branches or the same bank