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Free CRCM Exam Braindumps (page: 30)

Page 30 of 344
PDF with 463 Questions

In a motor vehicle lease, a mathematical progression showing how the periodic payment is derived, containing the following information:

  1. Gross capitalized cost (including the agreed-on value of the vehicle)
  2. Rent charge (the difference between the total of base payment over the lease term minus the depreciation and any amortized amounts)
  3. Itemization of other charges that are part of the periodic payment
  4. All of the above

Answer(s): D



In a motor vehicle lease, a mathematical progression showing how the periodic payment is derived, containing the following information:

  1. Gross capitalized cost (including the agreed-on value of the vehicle)
  2. Rent charge (the difference between the total of base payment over the lease term minus the depreciation and any amortized amounts)
  3. Itemization of other charges that are part of the periodic payment
  4. All of the above

Answer(s): D



In a motor vehicle lease, a mathematical progression showing how the periodic payment is derived, containing the following information:

  1. Gross capitalized cost (including the agreed-on value of the vehicle)
  2. Rent charge (the difference between the total of base payment over the lease term minus the depreciation and any amortized amounts)
  3. Itemization of other charges that are part of the periodic payment
  4. All of the above

Answer(s): D



Which one of the following should be included in an early termination notice in case of the termination from consumer leasing agreement?

  1. A warning to the consumer that a substantial charge may result from early termination (required only in a motor vehicle lease)
  2. A statement of the conditions under which the lessee or lessor may terminate the lease prior to the end of the lease term
  3. The purchase option at the end of the lease term
  4. The amount of any penalty or other charge for early termination (the penalty must be reasonable)

Answer(s): A,B,D



Page 30 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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