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Free CRCM Exam Braindumps (page: 106)

Page 106 of 344
PDF with 463 Questions

Robin Martin made an individual application to the bank for a car loan. She has just returned to work on a regular basis because she was a full-time homemaker until recently, when her last child entered school. The loan officer would like to ask her about her husbanD. Under what circumstances can the officer ask Robin about her husband?

  1. The creditor believes the spouse's signature will make the applicant more creditworthy.
  2. The applicant is married.
  3. The applicant resides in a community property state.
  4. The applicant's credit reports indicate that the spouse is a better credit risk.

Answer(s): C



Robin Martin made an individual application to the bank for a car loan. She has just returned to work on a regular basis because she was a full-time homemaker until recently, when her last child entered school. The loan officer would like to ask her about her husbanD. Under what circumstances can the officer ask Robin about her husband?

  1. The creditor believes the spouse's signature will make the applicant more creditworthy.
  2. The applicant is married.
  3. The applicant resides in a community property state.
  4. The applicant's credit reports indicate that the spouse is a better credit risk.

Answer(s): C



Bob Richardson has had three loan applicants this morning:
· Heather Smith, age 17, who needs a car loan for $9,500 for 3 years · John Bako, age 42, who would like a stock loan for $15,000 for 1 year · Maynard Williams, age 70, recently retired, who needs a $50,000 home improvement loan for 12 years
Bob's bank uses a judgmental credit evaluation system. For which of these applications is Bob able to consider the age of the applicant as a factor in the decision making process?

  1. All of them
  2. None of them
  3. Only Mr. Williams
  4. Mr. Williams and Ms. Smith

Answer(s): D



Bob Richardson has had three loan applicants this morning:
· Heather Smith, age 17, who needs a car loan for $9,500 for 3 years · John Bako, age 42, who would like a stock loan for $15,000 for 1 year · Maynard Williams, age 70, recently retired, who needs a $50,000 home improvement loan for 12 years
Bob's bank uses a judgmental credit evaluation system. For which of these applications is Bob able to consider the age of the applicant as a factor in the decision making process?

  1. All of them
  2. None of them
  3. Only Mr. Williams
  4. Mr. Williams and Ms. Smith

Answer(s): D



Page 106 of 344



Post your Comments and Discuss Banking CRCM exam with other Community members:

LeAnne Hair commented on August 24, 2023
#229 in incorrect - all the customers require an annual review
UNITED STATES
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LeAnne Hair commented on August 24, 2023
#229 in incorrect - all the customers require an annual review
UNITED STATES
upvote

LeAnne Hair commented on August 24, 2023
I think question 204 has an incorrect solution. It should be D-Regulation E
UNITED STATES
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Igor commented on April 10, 2020
Guys, leave no stones unturned. Try to study every questions and anything other supplementary material you have. The exam is not easy. I just wrote mine and if it wss not for these questions I would have not have passed it.
BULGARIA
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Lori commented on July 20, 2017
I had a good result. Worth the money.
UNITED STATES
upvote

Chipps commented on July 20, 2017
Studying from this dump helped me understand the concept and what comes in the exam. But I only get about 80 to 85% of the questions not 100% as it is claimed. Well... still good enough to pass.
UNITED STATES
upvote