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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Ronna

1 day ago

Debt validation is the financial equivalent of a game of 20 questions, but with no clear winner.

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Hyman

6 days ago

I'd rather validate my parking ticket than my debt. At least that's over quickly.

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Emilio

11 days ago

Validating debt is like a treasure hunt, but with less excitement and more paperwork.

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Luis

17 days ago

The debt validation process is crucial to ensure accuracy and fairness.

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Rebbeca

22 days ago

I feel like there was a case study on this topic that highlighted the importance of timely responses to validation requests.

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Delpha

27 days ago

Validation of debt is definitely related to consumer rights, but I can't recall the specific steps a debtor should take.

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Brittney

2 months 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

2 months 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

2 months 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

2 months 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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