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!

Practice this question and more.

Upon written demand by a person aggrieved, the Commissioner must hold a hearing within:

30 days after receipt of the demand
20 days after receipt of the demand
10 days after receipt of the demand
14 days after receipt of the demand

The correct answer is: 30 days after receipt of the demand

The correct answer emphasizes the timeframe within which the Commissioner must respond to a written demand for a hearing from an aggrieved person. According to regulatory standards, when a demand is made, the Commissioner is obligated to hold a hearing within 30 days. This requirement ensures that individuals have a timely opportunity to present their grievances, which is an important aspect of administrative due process. A 30-day period provides adequate time for preparation and ensures that the process remains efficient and fair, supporting transparency and accountability in regulatory practices. Other options suggest shorter timeframes, which do not align with the established regulations for conducting such hearings. These shorter periods may not allow sufficient time for the involved parties to prepare or for the Commissioner to organize the required logistics, leading to potential complications in the administrative process.