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Free CRCM Exam Braindumps (page: 20)

Page 20 of 344
PDF with 463 Questions

Which of the following are recommended practices In Avoiding Predatory and Abusive Lending Practices in Brokered and Purchased Loans--AL-2003-3?

  1. Have written agreements with third-party brokers that specifically and clearly address the rights and responsibilities of each party. Written agreements should
    1. Ensure that no inappropriate compensation exists
    2. Provide for indemnification to the bank
    3. Enable banks to exit the arrangement through a termination procedure
    4. Provide for the bank's and the OCC's ability to access all records of the third party and to audit the third party's operations
  2. Verify that brokers and originators have established policies to ensure that loans will comply with all applicable laws
  3. Establish an effective management information system to monitor the performance of third-party brokers and originators
  4. All of the above

Answer(s): D



Below mentioned list shows the significant risks of .
Borrowers with cash-flow difficulties
Borrowers with no lower-cost credit alternatives Minimal analysis of borrower's ability to repay the loan Minimal review of borrower's credit history
Credit is usually unsecured

  1. Payday lending
  2. Loan flipping
  3. Equity stripping
  4. None of these

Answer(s): A



Below mentioned list shows the significant risks of .
Borrowers with cash-flow difficulties
Borrowers with no lower-cost credit alternatives Minimal analysis of borrower's ability to repay the loan Minimal review of borrower's credit history
Credit is usually unsecured

  1. Payday lending
  2. Loan flipping
  3. Equity stripping
  4. None of these

Answer(s): A



Below mentioned list shows the significant risks of .
Borrowers with cash-flow difficulties
Borrowers with no lower-cost credit alternatives Minimal analysis of borrower's ability to repay the loan Minimal review of borrower's credit history
Credit is usually unsecured

  1. Payday lending
  2. Loan flipping
  3. Equity stripping
  4. None of these

Answer(s): A



Page 20 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
upvote