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AAP Exam Study Cards > Federal Government Payments > Flashcards

Federal Government Payments Flashcards

1
Q

Regulation that “implements Treasury’s statutory responsibility to collect and disburse public funds, establishes the rights and duties of the parties to Entries originated or received by agencies through the ACH system, just as other Treasury rules regulate the rights of parties to Treasury checks.”

A

31 CFR 210

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2
Q

Online Enrollment for Financial Institutions

A

Go Direct

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3
Q

Automated Enrollment Entry (ENR) process in ACH are for?

A
  • SSA
  • SSI
  • VA
  • OPM
  • RRB
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4
Q

FS 1200

A
  • SSA
  • SSI
  • RRB
  • OPM
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5
Q

FM 24-0296

A

VA

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6
Q

FS 1199A

A

Other Federal Payments

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7
Q

Enrollment by phone

A

U.S. Treasury Electronic Payment Solution Center (EPSC)
800-333-1795

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8
Q

SSA Payment Cycling

A

Based on date of birth
- 1st-10th= Second Wednesday
- 11th-20th = Third Wednesday
- 21st-31st = Fourth Wednesday

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9
Q

SSA Payment Cycling if beneficiary receives both SSA and SSI

A

SSI - 1st of month
SSA - 3rd of month

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10
Q

A Representative Payee does not have to be assigned by an agency?

A

FALSE

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11
Q

A Representative Payee may authorize direct deposit enrollment on behalf of entitled beneficiary?

A

TRUE

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12
Q

A Representative Payee may remove themselves from account?

A

FALSE

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13
Q

Optional enrollment form for Vendor/Miscellaneous Payments

A

SF 3881
Requires Financial Institutions input

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14
Q

Used to validate RTNs used to originate Federal Government payments and to send financial institutions Reclamation notices, trace inquires and marketing materials.

A

Financial Organization Master File

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15
Q

Contains routing number and single financial institution name and address for each RTN. Is updated Monthly.

A

Financial Organization Master File

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16
Q

RDFI must ensure federal government benefit payment enrollments are established for account that is in name of recipient or beneficiary, with exceptions:

A
  • Representative payee account
  • Certain broker-established investment accounts
  • Resident trust/ patient fund account at nursing facility
  • Religious order/ vow of poverty situation
  • certain prepaid card accounts
  • Where Treasury has granted waiver
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17
Q

Fiscal Services only utilizes these SDA windows

A

Second and Third

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18
Q

Types of payments that utilize PPD

A
  • Benefit
  • Annuity
  • Travel
  • Salary
  • Allotment
  • IRS tax Refund
  • IRS (Advanced Child Tax Credit)
  • Public debt payments
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19
Q

What is placed in field 11 of Company/Batch Header record that identifies Originator as a federal government entity or agency.

A

A “2”

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20
Q

How can you identify treasury disbursed payments based on location?

A

Look for the Regional Financial Center Symbol. RFC Symbol.

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21
Q

The execution, levy, attachment, or other legal process involving a written instruction issued by a court, a state or state agency, a municipality or municipal corporation or a state child support enforcement agency.

A

Garnishment

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22
Q

Requires financial institutions to take certain actions upon receipt of garnishment orders.

A

Title 31 CFR Part 212

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23
Q

Protection of federal benefit payments applies to which programs?

A
  • Social Security and Supplemental Security Income benefits.
  • Veterans’ Benefits
  • Federal Railroad retirement unemployment and sickness benefits.
  • Civil Service Retirement System and Federal Employee Retirement System benefits.
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24
Q

How are protected benefits identified in the Company Entry Description File?

A

Identified by “XX”

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25
Q

Upon Receipt of garnishment order, financial institutions must not determine if United States or state Child Support Enforcement Agency is plaintiff that obtained garnishment order?

A

False

26
Q

Upon receipt of garnishment order, If it is determined that the plaintiff’s name is not on the order, you must…

A

Review account history to determine if account received any exempt benefit payments.

27
Q

What is FS Form 105.1?

A

Trace request form

28
Q

Should you return a Fed. Gov. payment if it is received after FI has actual/constructive knowledge that beneficiary or representative payee has died or became legally incapacitated?

A

Yes

29
Q

What should you do with a Fed. Gov payment made to a closed account?

A

Return Payment

30
Q

Is a procedure used by the federal government to recover benefit payments made through ACH to the account of a recipient who died or became legally incapacitated or beneficiary who died before the date of the payment.

A

Reclamations

31
Q

Is a Social Security benefit &
disability (SSA) payment subject to reclamation?

A

Yes

32
Q

Is a Federal salary, allotment and travel payment subject to reclamation?

A

No

33
Q

Is a Supplemental Security
Income (SSI) payment subject to reclamation?

A

Yes

34
Q

Is a U.S. savings bond payment subject to reclamation?

A

No

35
Q

Is a Black Lung disability (Dept. of
Labor) payment subject to reclamation?

A

Yes

36
Q

Is a Military and Coast Guard
retirement (DFAS) payment subject to reclamation?

A

Yes

37
Q

Is a Civil Service annuity (OPM) payment subject to reclamation?

A

Yes

38
Q

Is a Veterans’ benefits (VA) payment subject to reclamation?

A

Yes

39
Q

Is a Vendor/miscellaneous payment subject to reclamation?

A

No

40
Q

Is a IRS tax refunds payment subject to reclamation?

A

No

41
Q

Is a Railroad Retirement Board
annuity (RRB) payment subject to reclamation?

A

Yes

42
Q

Is a U.S. Coast Guard payment subject to reclamation?

A

Yes

43
Q

Is a Discretionary allotments payment subject to reclamation?

A

No

44
Q

Is a Public debt payments (TreasuryDirect) payment subject to reclamation?

A

No

45
Q

Is a Workman’s compensation
(FECA) payment subject to reclamation?

A

Yes

46
Q

Is a DC Pensions payment subject to reclamation?

A

Yes

47
Q

Is a Compensation Act
(Dept. of Labor)
payment subject to reclamation?

A

Yes

48
Q

Is a federal retirement
or annuity payment subject to reclamation?

A

Yes

49
Q

When is RDFI required to notify paying agency of death or legal incapacity

A

Immediately

50
Q

Liability is limited to payments received within?

A

last six years from date of notice of Reclamation

51
Q

Reclamations should be sent within how many days of agency discovering death of beneficiary?

A

120 days

52
Q

Financial Institution must verify balance in account within how many days?

A

One day of receipt of a Reclamation

53
Q

Financial Institutions must respond to all Reclamations within how many days?

A

60 days to limit its liability

54
Q

Liability is limited to how many days for reclamations of post death payments received following the death.

A

45 Days

55
Q

Federal Government NOC Code C01

A

Incorrect Account Number

56
Q

Federal Government NOC Code C02

A

Incorrect Routing Number

57
Q

Federal Government NOC Code C03

A

Incorrect Routing and Account Number

58
Q

Federal Government NOC Code C05

A

Incorrect Transaction Code

59
Q

Federal Government NOC Code C06

A

Incorrect Account Number and Transaction Code

60
Q

Federal Government NOC Code C07

A

Incorrect RTN, Account Number and Transaction Code

61
Q

Federal government only recognizes these 5 transaction codes.

A

22, 27, 32, 37 and 42.

62
Q

What day of the month does OPM pay?

A

The first business day of the month.

AAP Exam Study Cards (45 decks)

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