{
  "question_text": "When Rapido Facil Exchange Co. loses access to its federally insured depository account, within what timeframe must you notify the OFR?",
  "options": [
    "Within 5 business days",
    "Within 30 calendar days",
    "Within 10 calendar days",
    "Within 15 business days"
  ],
  "correct_answer": "Within 5 business days",
  "correct_response": "Depository account loss triggers a 5-business-day notification deadline — shorter than the standard 30 calendar days — because loss of banking access directly affects Rapido Facil Exchange Co.'s ability to conduct licensed operations. The notification must identify the affected account, the reason for loss, and the steps being taken to secure replacement banking.",
  "incorrect_response": "The standard 30-calendar-day deadline applies to most notification events, but depository account loss carries a shorter 5-business-day deadline given its direct impact on Rapido Facil Exchange Co.'s licensed operating capacity. Written notification must be transmitted by registered mail and must include the affected account, reason for loss, and replacement steps.",
  "unsure_response": null,
  "question_bank": [
    {
      "question_text": "When a notification event also triggers a federal SAR or CTR filing obligation, how must you manage the overlapping deadlines?",
      "options": [
        "Track each deadline independently — each obligation has its own due date",
        "Prioritize the OFR notification because the state deadline is controlling",
        "File only the federal report and include a copy in the OFR compliance file",
        "Request an extension from the OFR to align both deadlines"
      ],
      "correct_answer": "Track each deadline independently — each obligation has its own due date",
      "correct_response": "Each filing obligation — whether a state OFR notification or a federal SAR or CTR — carries an independent deadline. Neither extends nor satisfies the other, and both must be tracked and met concurrently.",
      "incorrect_response": "Overlapping obligations must each be tracked and met independently. The OFR notification deadline and any federal filing deadline run concurrently and neither substitutes for the other.",
      "unsure_response": null
    },
    {
      "question_text": "What records must Rapido Facil Exchange Co. retain after transmitting each OFR notification, and for how long?",
      "options": [
        "The registered mail receipt and a copy of the notification, for no fewer than 5 years",
        "A copy of the notification only, for no fewer than 3 years",
        "The registered mail receipt only, for no fewer than 7 years",
        "A copy of the notification and proof of OFR acknowledgment, for no fewer than 2 years"
      ],
      "correct_answer": "The registered mail receipt and a copy of the notification, for no fewer than 5 years",
      "correct_response": "Both the registered mail receipt and a copy of the notification must be retained for no fewer than 5 years. Together they establish that Rapido Facil Exchange Co. submitted the correct content and dispatched it in a timely manner.",
      "incorrect_response": "Retention of both the registered mail receipt and the notification copy is required for no fewer than 5 years — not 3, 7, or 2 years. The receipt proves timely dispatch; the copy proves the content of what was filed.",
      "unsure_response": null
    }
  ],
  "enrichment_content": "<p><strong>Key point:</strong> Most OFR notification events carry a 30-calendar-day deadline transmitted by registered mail. Depository account loss is the critical exception — it triggers a shorter 5-business-day deadline because account loss directly affects Rapido Facil Exchange Co.'s licensed operations. Every notification must be retained, along with the registered mail receipt, for no fewer than 5 years. When a notification event also requires a federal SAR or CTR, each deadline is independent and must be tracked separately.</p>"
}