National Check Professional (NCP) Certification Practice Test

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What is the timeframe for PAID adjustments according to ECCHO guidelines?

90 calendar days
180 calendar days
120 calendar days
60 calendar days

The correct answer is: 180 calendar days

The timeframe for PAID adjustments according to ECCHO (Electronic Check Clearing House Organization) guidelines is established as 180 calendar days. This period is critical for ensuring that any necessary adjustments to a payment that may involve issues such as errors or discrepancies can be addressed in a timely manner. Having a six-month window allows financial institutions to effectively resolve issues related to check payments, ensuring that any adjustments can be made while maintaining proper records and adherence to reconciliation processes. This extended timeframe is significant as it promotes accuracy and helps to build trust between financial institutions and their customers by ensuring that all adjustments are handled diligently.