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Free CRCM Exam Braindumps (page: 107)

Page 107 of 344
PDF with 463 Questions

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



What may a creditor do if an applicant applies for individual unsecured credit?

  1. A creditor may never require the signature of another person.
  2. A creditor may ask for the signature of the applicant's spouse if the applicant is not creditworthy.
  3. A creditor may require another signature if the applicant relies on jointly owned property to establish creditworthiness.
  4. A creditor may ask the applicant to withdraw the application if it does not meet the creditor's credit standards.

Answer(s): C



What may a creditor do if an applicant applies for individual unsecured credit?

  1. A creditor may never require the signature of another person.
  2. A creditor may ask for the signature of the applicant's spouse if the applicant is not creditworthy.
  3. A creditor may require another signature if the applicant relies on jointly owned property to establish creditworthiness.
  4. A creditor may ask the applicant to withdraw the application if it does not meet the creditor's credit standards.

Answer(s): C



What may a creditor do if an applicant applies for individual unsecured credit?

  1. A creditor may never require the signature of another person.
  2. A creditor may ask for the signature of the applicant's spouse if the applicant is not creditworthy.
  3. A creditor may require another signature if the applicant relies on jointly owned property to establish creditworthiness.
  4. A creditor may ask the applicant to withdraw the application if it does not meet the creditor's credit standards.

Answer(s): C



Page 107 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
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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
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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
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