TE Study Guide: FDIC Technical Evaluation (TE) Preparation Notes &
Practice
A bank must file a Request for Review of a material supervisory determination with the FDIC
Director of DCP:
a. prior to contacting the Regional Office with their concerns
b. prior to issuance of the ROE
c. within 45 calendar days following the receipt of the ROE
d. within 60 calendar days following the receipt of the ROE - ANS ✔✔D
A review of the universe of loans where credit life insurance was financed as part of the
transaction (10 mortgage loans and 15 unsecured consumer loans) revealed two mortgage
loans and three unsecured consumer loans that lacked affirmative written request for insurance
and the accompanying initials or signature. What is the frequency of violations in this case?
a. 8% for home mortgage and 12% for unsecured consumer
b. 20% for home mortgage and 33% for unsecured consumer
c. 20% combined
d. 33% combined - ANS ✔✔C
Jon deposits cash at a non-proprietary ATM, on which day will it be available?
a. Next BD
b. 2nd BD
c. 5th BD
d. immediately - ANS ✔✔C
Kelsey writes Leroy a $1,000 check and Leroy deposits it on Monday at a teller station. How
much is made available for cash withdrawal on Wednesday?
a. $200
,b. $400
c. $600
d. $800 - ANS ✔✔B
Which element(s) of CMS does Reg CC require?
a. procedures
b. training
c. nothing
d. a&b - ANS ✔✔D
Will deposits a $7,000 check from Clayton. The bank places a Large Deposit exception hold. How
many business days are reasonable for the bank to hold this deposit?
a. 2nd BD availability
b. 5th BD availability
c. 7th BD availability
d. 9th BD availability - ANS ✔✔C
Jennifer has had a savings account with Bank A for 10 years. She opens a new checking account.
Deposits $100 check into the checking account at an ATM. When is it available?
a. Next business day ($200 rule)
b. When the bank allows for an extended availability because its a new account
c. 2nd business day
d. 5th business day - ANS ✔✔B
Jennifer is a chronic overdraft user. In the past 8 months, she has improved and not overdrawn.
She deposits a $600 check at a teller station.
a. this check is subject to a repeat overdraft exception hold
,b. this is available next BD
c. $200 next BD $400 2nd BD
c. all is available the 2nd BD. - ANS ✔✔C
A Exception Hold Notice is not needed for which type of exception hold?
a. large deposit
b. redeposited check
c. new account
d. repeat overdraft - ANS ✔✔C.
Reg CC does not cover timing of interest payments for all of the following except:
a. money market account
b. checking
c. savings
d. time deposits - ANS ✔✔B
Funds Availability Policy Disclosures must be provided in all the following instances except:
a. 1 acct, multiple acct. holders
b. multiple accounts, one holder
c. dormant/inactive accounts
d. new account opening - ANS ✔✔C
What are the earliest allowed cut off hours for a branch? for an ATM? - ANS ✔✔2:00pm local
time and 12:00 noon local time
How long can a consumer make a claim for re credit of a substitute check?
, a. up to 30 days after periodic statement is mailed
b. up to 40 days after periodic statement is mailed
c. up to 60 days after periodic statement is mailed
d. up to 90 days after periodic statement is mailed - ANS ✔✔B
Bank has ___ days to investigate a substitute check claim & if still undetermined by this date,
the bank has ____ days if provisionally re-credited funds are provided.
a. 10, 45
b. 30, 60
c. 30, 90
d. 20, 40 - ANS ✔✔A
How many days after beginning operation of a new charter must a bank display the Official FDIC
Sign?
a. 10 days
b. 21 days
c. 30 days
d. 60 days - ANS ✔✔B
What hours are Telemarketing calls allowed?
a. 7am-5pm local time of caller
b. 8am-9pm local time of caller
c. 7am-5pm local time of callee
d. 8am-9pm local time of callee - ANS ✔✔D
An established business relationship must be based on a purchase or transaction with an entity
or entities affiliate within the last ____ months.
Practice
A bank must file a Request for Review of a material supervisory determination with the FDIC
Director of DCP:
a. prior to contacting the Regional Office with their concerns
b. prior to issuance of the ROE
c. within 45 calendar days following the receipt of the ROE
d. within 60 calendar days following the receipt of the ROE - ANS ✔✔D
A review of the universe of loans where credit life insurance was financed as part of the
transaction (10 mortgage loans and 15 unsecured consumer loans) revealed two mortgage
loans and three unsecured consumer loans that lacked affirmative written request for insurance
and the accompanying initials or signature. What is the frequency of violations in this case?
a. 8% for home mortgage and 12% for unsecured consumer
b. 20% for home mortgage and 33% for unsecured consumer
c. 20% combined
d. 33% combined - ANS ✔✔C
Jon deposits cash at a non-proprietary ATM, on which day will it be available?
a. Next BD
b. 2nd BD
c. 5th BD
d. immediately - ANS ✔✔C
Kelsey writes Leroy a $1,000 check and Leroy deposits it on Monday at a teller station. How
much is made available for cash withdrawal on Wednesday?
a. $200
,b. $400
c. $600
d. $800 - ANS ✔✔B
Which element(s) of CMS does Reg CC require?
a. procedures
b. training
c. nothing
d. a&b - ANS ✔✔D
Will deposits a $7,000 check from Clayton. The bank places a Large Deposit exception hold. How
many business days are reasonable for the bank to hold this deposit?
a. 2nd BD availability
b. 5th BD availability
c. 7th BD availability
d. 9th BD availability - ANS ✔✔C
Jennifer has had a savings account with Bank A for 10 years. She opens a new checking account.
Deposits $100 check into the checking account at an ATM. When is it available?
a. Next business day ($200 rule)
b. When the bank allows for an extended availability because its a new account
c. 2nd business day
d. 5th business day - ANS ✔✔B
Jennifer is a chronic overdraft user. In the past 8 months, she has improved and not overdrawn.
She deposits a $600 check at a teller station.
a. this check is subject to a repeat overdraft exception hold
,b. this is available next BD
c. $200 next BD $400 2nd BD
c. all is available the 2nd BD. - ANS ✔✔C
A Exception Hold Notice is not needed for which type of exception hold?
a. large deposit
b. redeposited check
c. new account
d. repeat overdraft - ANS ✔✔C.
Reg CC does not cover timing of interest payments for all of the following except:
a. money market account
b. checking
c. savings
d. time deposits - ANS ✔✔B
Funds Availability Policy Disclosures must be provided in all the following instances except:
a. 1 acct, multiple acct. holders
b. multiple accounts, one holder
c. dormant/inactive accounts
d. new account opening - ANS ✔✔C
What are the earliest allowed cut off hours for a branch? for an ATM? - ANS ✔✔2:00pm local
time and 12:00 noon local time
How long can a consumer make a claim for re credit of a substitute check?
, a. up to 30 days after periodic statement is mailed
b. up to 40 days after periodic statement is mailed
c. up to 60 days after periodic statement is mailed
d. up to 90 days after periodic statement is mailed - ANS ✔✔B
Bank has ___ days to investigate a substitute check claim & if still undetermined by this date,
the bank has ____ days if provisionally re-credited funds are provided.
a. 10, 45
b. 30, 60
c. 30, 90
d. 20, 40 - ANS ✔✔A
How many days after beginning operation of a new charter must a bank display the Official FDIC
Sign?
a. 10 days
b. 21 days
c. 30 days
d. 60 days - ANS ✔✔B
What hours are Telemarketing calls allowed?
a. 7am-5pm local time of caller
b. 8am-9pm local time of caller
c. 7am-5pm local time of callee
d. 8am-9pm local time of callee - ANS ✔✔D
An established business relationship must be based on a purchase or transaction with an entity
or entities affiliate within the last ____ months.
