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Free CRCM Exam Braindumps (page: 109)

Page 109 of 344
PDF with 463 Questions

What may a creditor do in response to an application for credit from a business with gross revenues of $1 million or less?

  1. Give a disclosure of the applicant's right to receive a statement of reasons at the time of the application instead of at the time of the adverse action
  2. Mention adverse action notices only if requested by the applicant
  3. Omit the ECOA statement on all notices NOTES
  4. Provide only the ECOA statement to the applicant

Answer(s): A



What may a creditor do in response to an application for credit from a business with gross revenues of $1 million or less?

  1. Give a disclosure of the applicant's right to receive a statement of reasons at the time of the application instead of at the time of the adverse action
  2. Mention adverse action notices only if requested by the applicant
  3. Omit the ECOA statement on all notices NOTES
  4. Provide only the ECOA statement to the applicant

Answer(s): A



What may a creditor do when furnishing credit information?

  1. May designate accounts in any manner that is convenient and reasonable
  2. Must designate accounts as specified by the parties
  3. Must designate accounts to show participation by both spouses if both are liable
  4. Must designate accounts to show all parties, including guarantors

Answer(s): C



What may a creditor do when furnishing credit information?

  1. May designate accounts in any manner that is convenient and reasonable
  2. Must designate accounts as specified by the parties
  3. Must designate accounts to show participation by both spouses if both are liable
  4. Must designate accounts to show all parties, including guarantors

Answer(s): C



Page 109 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
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