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Exception Transaction Procedures Transactions that cannot be processed electronically via CAR are called exception transactions and must be settled directly with the validating carrier. Exception

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What is exception transaction procedures?

Exception transaction procedures are specific guidelines or steps put in place to handle transactions that do not follow the regular process.

Who is required to file exception transaction procedures?

Any individual or entity involved in a transaction that deviates from the standard procedure may be required to file exception transaction procedures.

How to fill out exception transaction procedures?

Exception transaction procedures can be filled out by providing detailed information about the irregular transaction and steps taken to address it.

What is the purpose of exception transaction procedures?

The purpose of exception transaction procedures is to ensure transparency, accountability, and compliance with regulations in handling non-standard transactions.

What information must be reported on exception transaction procedures?

Information such as the nature of the exception, parties involved, justification for the deviation, and steps taken to mitigate risks must be reported on exception transaction procedures.

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