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Free CRCM Exam Braindumps (page: 201)

Page 201 of 344
PDF with 463 Questions

First National Bank owns a data processing company that sells financially related data processing services to various businesses in the community. Daniel Tyler, a loan officer, is negotiating a loan to a local CPA firm. He would like to make the loan conditional on the CPA firm's use of the subsidiary data processing firm.May he do so?

  1. Yes, because it is not a bank service.
  2. Yes, because it is not related to pricing.
  3. No. It is an illegal tie-in.
  4. No, unless the company was planning to obtain a new data processing service provider anyway.

Answer(s): C



First National Bank owns a data processing company that sells financially related data processing services to various businesses in the community. Daniel Tyler, a loan officer, is negotiating a loan to a local CPA firm. He would like to make the loan conditional on the CPA firm's use of the subsidiary data processing firm.May he do so?

  1. Yes, because it is not a bank service.
  2. Yes, because it is not related to pricing.
  3. No. It is an illegal tie-in.
  4. No, unless the company was planning to obtain a new data processing service provider anyway.

Answer(s): C



Mills Company, Inc., is a manufacturing company with a working capital line of credit from First National Bank. The credit agreement governing the loan states that Mills cannot obtain additional unsecured credit without the approval of the bank. Mills believes that such a clause violates the Bank Holding Company Act's anti-tying clause. Does it?

  1. Yes. It is a restraint of trade.
  2. Yes, unless the bank will reasonably allow additional credit at Mills's request.
  3. No, since this clause relates to the soundness of the credit
  4. No, unless the bank refuses to grant additional credit to Mills itself

Answer(s): C



Mills Company, Inc., is a manufacturing company with a working capital line of credit from First National Bank. The credit agreement governing the loan states that Mills cannot obtain additional unsecured credit without the approval of the bank. Mills believes that such a clause violates the Bank Holding Company Act's anti-tying clause. Does it?

  1. Yes. It is a restraint of trade.
  2. Yes, unless the bank will reasonably allow additional credit at Mills's request.
  3. No, since this clause relates to the soundness of the credit
  4. No, unless the bank refuses to grant additional credit to Mills itself

Answer(s): C



Page 201 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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