{
  "question_text": "When Rapido Facil Exchange Co.'s commercial depository account closes or becomes unavailable, what is the required timeframe for notifying the Florida Office of Financial Regulation?",
  "options": [
    "Within 5 calendar days of account loss",
    "Within 10 calendar days of account loss",
    "Within 30 calendar days of account loss",
    "Within 3 business days of account loss"
  ],
  "correct_answer": "Within 5 calendar days of account loss",
  "correct_response": "Correct. The BSA/AML Compliance Officer must notify the Florida Office of Financial Regulation within 5 calendar days of account loss. This is one of three obligations that activate immediately upon account closure — alongside suspending operations and providing written confirmation before resuming.",
  "incorrect_response": "The required notification timeframe is 5 calendar days from account loss. Three obligations activate simultaneously: suspend check cashing operations immediately, notify the Florida Office of Financial Regulation within 5 calendar days, and do not resume operations until the BSA/AML Compliance Officer provides written confirmation that a replacement account is active and settlement capability is restored.",
  "unsure_response": null,
  "question_bank": [
    {
      "question_text": "Which condition must be satisfied before Rapido Facil Exchange Co. may resume check cashing operations following closure of its commercial depository account?",
      "options": [
        "The BSA/AML Compliance Officer must provide written confirmation that a replacement account is active at a federally insured institution and that transaction settlement capability is restored",
        "The Florida Office of Financial Regulation must issue written authorization to resume operations",
        "The BSA/AML Compliance Officer must verbally confirm that a replacement account has been opened",
        "Operations may resume automatically once the new account number is provided to the Florida Office of Financial Regulation"
      ],
      "correct_answer": "The BSA/AML Compliance Officer must provide written confirmation that a replacement account is active at a federally insured institution and that transaction settlement capability is restored",
      "correct_response": "Correct. Written confirmation from the BSA/AML Compliance Officer is required and must verify three things: a replacement account is active at a federally insured institution, the Florida Office of Financial Regulation has been notified, and transaction settlement capability is restored.",
      "incorrect_response": "Before resuming operations, the BSA/AML Compliance Officer must provide written confirmation covering three elements: a replacement account is active at a federally insured institution, the Florida Office of Financial Regulation has been notified, and transaction settlement capability is restored. Verbal confirmation or regulatory authorization alone is not sufficient.",
      "unsure_response": null
    },
    {
      "question_text": "Which of the following actions is prohibited while Rapido Facil Exchange Co.'s commercial depository account is closed or unavailable?",
      "options": [
        "Continuing check cashing operations pending account replacement",
        "Notifying the Florida Office of Financial Regulation of the account closure",
        "Seeking a replacement account at a federally insured institution",
        "Documenting the account closure in the compliance file"
      ],
      "correct_answer": "Continuing check cashing operations pending account replacement",
      "correct_response": "Correct. Check cashing operations must suspend immediately upon account loss. Operating without the required depository account is a licensing violation regardless of how soon replacement is expected.",
      "incorrect_response": "Check cashing operations must suspend immediately when the depository account is closed or unavailable. Continuing operations during that period is a licensing violation. Notifying regulators, seeking a replacement account, and documenting the closure are all required actions — not prohibited ones.",
      "unsure_response": null
    }
  ],
  "enrichment_content": "<p><strong>Three obligations activate immediately upon depository account loss:</strong></p><ul><li>Suspend check cashing operations immediately</li><li>Notify the Florida Office of Financial Regulation within <strong>5 calendar days</strong></li><li>Do not resume operations until the BSA/AML Compliance Officer provides <strong>written confirmation</strong> that a replacement account is active, the regulator is notified, and settlement capability is restored</li></ul><p>Missing any of these steps creates a licensing violation and direct examination exposure for the BSA/AML Compliance Officer.</p>"
}