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The CRC is FB2F4502.

So it'll be FB2F4502.pnach

Correct Cheat folder is the one located in your C: drive (whatever your PCSX2 folder is). You also have to make sure cheats are enabled in PCSX2 itself. (System>Enable Cheats, make sure it's checked).

Is this correct?

It worked. Thank you so much. You have no idea how happy this makes me. I have countless hours logged into this game on my Xbox. I will be playing this until TS:Rewind is completed.