Full Answer. The amount of time it takes to process a refund depends on two factors: the agency to which the payment was made, and the bank to which the customer belongs. By the Electronic Transfer Act, banks are given 10 business days to process refunds.
1950: The BAA was renamed as the National Basketball Association (NBA). With a three-division setup, 12 teams now qualified for the playoffs, with the top four teams from each division meeting in the best-of-3 division semifinals. The winners met in the best-of-3 division finals.
The previous playoff format, in place for the 2004â05 and 2005â06 NBA playoffs, after the NBA was re-aligned into six divisions, created controversy during the 2005â06 season and playoffs, and would be changed prior to the 2006â07 NBA season.