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Free CRCM Exam Braindumps (page: 204)

Page 204 of 344
PDF with 463 Questions

Harvey Smith is a loan officer at First National Bank. Which of the following of Harvey's outside business interests may be considered to be a conflict of interest that should be disclosed to the bank?

  1. His ownership of 4,000 shares of stock in a local car dealership (the car dealership is not a bank customer)
  2. His wife's position as chair of the board of a local bank
  3. His attendance at a party hosted by one of his customers where other financial institutions were represented
  4. His role as honorary chair of a fund drive for a local charitable organization

Answer(s): B



Martin Taylor, a loan officer at First National Bank, is a long-time friend of Bill Evans, a local homebuilder. Bill would like a line of credit at the bank and discusses the potential loan with Martin. During the discussion, Martin expresses his desire to build a house one day and Bill offers to build him one "at cost plus 5 percent." If Martin accepts Bill's offer, can he continue to act as his loan officer?

  1. No. The value of the gift is too great.
  2. Yes, if Martin discloses this fact to the bank.
  3. Yes, if Martin does not let the discount on the house affect his decision making process.
  4. Yes, if the bank's code of conduct allows such activity.

Answer(s): A



Martin Taylor, a loan officer at First National Bank, is a long-time friend of Bill Evans, a local homebuilder. Bill would like a line of credit at the bank and discusses the potential loan with Martin. During the discussion, Martin expresses his desire to build a house one day and Bill offers to build him one "at cost plus 5 percent." If Martin accepts Bill's offer, can he continue to act as his loan officer?

  1. No. The value of the gift is too great.
  2. Yes, if Martin discloses this fact to the bank.
  3. Yes, if Martin does not let the discount on the house affect his decision making process.
  4. Yes, if the bank's code of conduct allows such activity.

Answer(s): A



Martin Taylor, a loan officer at First National Bank, is a long-time friend of Bill Evans, a local homebuilder. Bill would like a line of credit at the bank and discusses the potential loan with Martin. During the discussion, Martin expresses his desire to build a house one day and Bill offers to build him one "at cost plus 5 percent." If Martin accepts Bill's offer, can he continue to act as his loan officer?

  1. No. The value of the gift is too great.
  2. Yes, if Martin discloses this fact to the bank.
  3. Yes, if Martin does not let the discount on the house affect his decision making process.
  4. Yes, if the bank's code of conduct allows such activity.

Answer(s): A



Page 204 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
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