AD Banker Comprehensive Practice Exam

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Enhance your exam readiness with the AD Banker Comprehensive Exam guide. Includes flashcards and multiple-choice questions with explanations.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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How soon must the Commissioner conduct a hearing following an aggrieved person's written demand?

15 days
30 days
10 days
7 days

The correct answer is: 30 days

The Commissioner is required to conduct a hearing within 30 days of receiving a written demand from an aggrieved person. This provision ensures that complaints or requests for hearings are addressed in a timely manner, allowing individuals to have their concerns heard without undue delay. Timely hearings are crucial in regulatory processes, as they help maintain transparency and accountability within the system. By establishing a 30-day timeframe, the process encourages a balance between the need for expediency and the necessity for thoroughness in reviewing the grievances. This timeframe is often specified in various regulatory statutes to align with principles of due process, ensuring that all parties involved have ample opportunity to prepare for discussions relevant to the complaint.