Free CRCM Practice Exam Questions Online

Why American Bankers Association CRCM Practice Exam Questions?

Ready to level up your American Bankers Association CRCM exam study? Just TheExamsLab CRCM practice tests free.

CRCM exam questions are expertly crafted practice tests designed to simulate the real American Bankers Association certification exam environment and help you assess your knowledge and figure out where you are lacking. From our free Certified Regulatory Compliance Manager CRCM practice exam, you will feel secure in passing any question type or time limit. TheExamsLab offers the CRCM exam questions 2024. Don’t settle or do it half-heartedly get the best and invest in the best what you want is what you get.

Page: 1 / 93

Total 465 Questions | Updated On: Nov 18, 2024

Add To Cart

Question 1

It means a direction by the consumer that the financial institution not discloses nonpublic personal information about the consumer to a non-affiliated third party, except as permitted by the regulation. What is it?

A : Opt-out

B : Re-disclosure

C : Non-affiliated

D : Both B and C

Answer: A

Question 2

This is a loan term or an arrangement that modifies a loan term under which a bank agrees to suspend all or part of a customer’s loan obligation on the occurrence of a specified event. It May be a part of the loan itself or a separate agreement.Does not include a loan payment deferral arrangement where the borrower or the bank can unilaterally defer a payment.What is it?

A : Debt suspension agreement (DSA)

B : Anti-dying

C : Debt cancellation contract (DCC)

D : ALLL

Answer: A

Question 3

Examples of unfair practices mentioned in guidelines against Predatory and Abusive Lending includes loan flipping and loan equity stripping. It is said that:

A : Loan flipping may be unfair because it increases the chances of foreclosure by decreasing home equity and increasing debt burden

B : Equity stripping is the practice of making loans secured by the consumer’s home but with high, upfront fees that are financed and secured by the home

C : Loan flipping is the practice of making loans secured by the consumer’s home but with high, upfront fees that are financed and secured by the home

D : Equity stripping may be unfair because it increases the chances of foreclosure by decreasing home equity and increasing debt burden

Answer: A,B

Question 4

Unless excluded by a board resolution or the bylaws, the following officers will be considered to be executive officers EXCEPT:

A : Chairman of the board

B : President

C : Each vice-president and above (for example, senior vice-president, executive vicepresident, and so on)

D : Brokerage house’s vice president

Answer: D

Question 5

Which of the following is the best method for a large bank to use in monitoring its CRA performance?

A : Review the effectiveness of marketing materials.

B : Evaluate approval and denial rates for minority loan applicants.

C : Perform a quarterly evaluation of the bank’s loans-to-deposits ratio.

D : Perform a geographic analysis of lending levels and dispersion of loans.

Answer: D

Page: 1 / 93

Total 465 Questions | Updated On: Nov 18, 2024

Add To Cart