A seaman may have all or part of his wages...

Question 1 / 2066636ee728f7522a1c51885a

Question 1 of 2066636ee728f7522a1c51885a

A seaman may have all or part of his wages deposited by allotment to a bank or savings institution. Which of the following is NOT a requirement for this type of allotment?

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Question 1 of 20

66636ee728f7522a1c51885a

A seaman may have all or part of his wages deposited by allotment to a bank or savings institution. Which of the following is NOT a requirement for this type of allotment?

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🔍 Key Concepts

• Seamen’s wage allotments under U.S. maritime law (46 CFR and 46 U.S. Code – verify exact section in current regulations) • What protections exist to keep a seaman’s money safe when it is deposited by allotment? • Differences between requirements that protect the seaman’s ownership of the account vs. requirements that limit the type of account

💭 Think About

• Look at each option and ask: Does this condition clearly protect the seaman’s control and safety of funds, or is it just a convenient preference? • Consider how the government usually defines acceptable financial institutions for federal payments—what is typically required about insurance or guarantees? • Think about whether the law is likely to require a specific form of account (checking vs. savings) or only that the funds are in a secure account owned and controlled by the seaman.

✅ Before You Answer

• Verify which conditions are explicitly stated in the current regulations for wage allotments to financial institutions. • Check whether the law requires the account to be in the seaman’s name as opposed to someone else’s. • Check whether regulations mention federal insurance (FDIC/FSLIC or successor agencies) as a condition, and whether they ever specify that the account must be checking or savings only.

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Question 1 of 20

A seaman may have all or part of his wages deposited by allotment to a bank or savings institution. Which of the following is NOT a requirement for this type of allotment?

The account must be either a checking or savings account.

The account must be opened by the seaman and maintained in the seaman's name.

The institution must be insured by the FSLIC or FDIC.

All of the above are requirements.

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Question 1 / 2066636ee728f7522a1c51885a

Question 1 of 2066636ee728f7522a1c51885a

A seaman may have all or part of his wages deposited by allotment to a bank or savings institution. Which of the following is NOT a requirement for this type of allotment?

Back

Question 1 of 20

66636ee728f7522a1c51885a

A seaman may have all or part of his wages deposited by allotment to a bank or savings institution. Which of the following is NOT a requirement for this type of allotment?

No comments yet

Be the first to share your thoughts!

If the question has a related picture, it will appear here.

🔍 Key Concepts

💭 Think About

✅ Before You Answer

👋 Hi! I'm Genie, your AI study assistant. How can I help you with this question?

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