American Bankers Association CRCM Exam - Topic 10 Question 121 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 121
Topic #: 10

[All CRCM Questions]

Validation of debt says:

CIf consumer disputes a debt in writing within 15 days, all collection activity must stop until the debt is verified

BIf consumer disputes a debt in writing within 60 days, all collection activity must stop until the debt is verified

AConsumer must be sent debt validation in writing within five calendar days of initial communication unless information is contained in initial communication or unless consumer pays the debt

DIf a consumer owes multiple debts and makes any multiple payments, debt collector must apply to debt in accordance with the consumer's direction

Show Suggested Answer

Suggested Answer: A

by Samira at Jan 25, 2026, 09:50 AM

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Brittney

5 days ago

I remember practicing a question about debt validation, and it involved the creditor providing proof of the debt. Is that right?

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Lenora

10 days ago

I think validation of debt means confirming the amount owed, but I'm not entirely sure how it applies in different scenarios.

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Val

15 days ago

Validation of debt, huh? I'm confident I can tackle this. Time to put my knowledge to the test and craft a solid response.

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Donte

20 days ago

This seems straightforward enough. I'll just need to demonstrate my understanding of the relevant theories and how they relate to the given situation.

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