Error: Server Error in '/' Application. Index was outside the bounds of the array.

This error has been reported by online BBIS users when attempting to complete a FAF registration which only occur sporadically but often.
Download and install the latest patch, which contains all fixes from previous patches. If you are running an older version, download and install the latest version and then the patch. 

Environment

 3.0.516.38
 3.0.516, Service Pack 9 ; 3.0.516, patch 46

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