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Free CRCM Exam Braindumps (page: 110)

Page 110 of 344
PDF with 463 Questions

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



ABC Bank has an interactive Internet Web site at which it takes consumer credit applications. At the time an applicant completes an application on the Web site and submits it, the applicant also is asked for his or her email address. If the application is denied, ABC sends an adverse action notice to the applicant's email address listed on the application. Using this procedure, what is ABC Bank's responsibility?

  1. Post the notice on its Web site also
  2. Send a paper notice by regular mail also
  3. Use a credit scoring system
  4. Obtain the applicant's affirmative consent before sending the notice

Answer(s): D



ABC Bank has an interactive Internet Web site at which it takes consumer credit applications. At the time an applicant completes an application on the Web site and submits it, the applicant also is asked for his or her email address. If the application is denied, ABC sends an adverse action notice to the applicant's email address listed on the application. Using this procedure, what is ABC Bank's responsibility?

  1. Post the notice on its Web site also
  2. Send a paper notice by regular mail also
  3. Use a credit scoring system
  4. Obtain the applicant's affirmative consent before sending the notice

Answer(s): D



ABC Bank has an interactive Internet Web site at which it takes consumer credit applications. At the time an applicant completes an application on the Web site and submits it, the applicant also is asked for his or her email address. If the application is denied, ABC sends an adverse action notice to the applicant's email address listed on the application. Using this procedure, what is ABC Bank's responsibility?

  1. Post the notice on its Web site also
  2. Send a paper notice by regular mail also
  3. Use a credit scoring system
  4. Obtain the applicant's affirmative consent before sending the notice

Answer(s): D



Page 110 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
upvote

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
upvote

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
upvote

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