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 NBA announced new rules for playoff seeding that includes ranking the top eight teams in each conference strictly in order of best record, essentially making winning a division title little more than a ceremonial distinction.he NBA announced new rules for playoff seeding that includes ranking the top eight teams in each conference strictly in order of best record, essentially making winning a division title little more than a ceremonial distinction.