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Free CRCM Exam Braindumps (page: 34)

Page 33 of 344
PDF with 463 Questions

In Advertising-12 CFR 213.7, if a percentage rate is used in an advertisement, it cannot be more prominent than any other disclosure, EXCEPT:

  1. For the warning regarding the limitation of the rate as a measurement of cost
  2. For beginning at least 3 days before and ending at least 10 days after the broadcast
  3. For required disclosures in advertisements
  4. For an advertisement accessed in electronic form

Answer(s): A



In Advertising-12 CFR 213.7, if a percentage rate is used in an advertisement, it cannot be more prominent than any other disclosure, EXCEPT:

  1. For the warning regarding the limitation of the rate as a measurement of cost
  2. For beginning at least 3 days before and ending at least 10 days after the broadcast
  3. For required disclosures in advertisements
  4. For an advertisement accessed in electronic form

Answer(s): A



In Advertising-12 CFR 213.7, if a percentage rate is used in an advertisement, it cannot be more prominent than any other disclosure, EXCEPT:

  1. For the warning regarding the limitation of the rate as a measurement of cost
  2. For beginning at least 3 days before and ending at least 10 days after the broadcast
  3. For required disclosures in advertisements
  4. For an advertisement accessed in electronic form

Answer(s): A



Under Consumer Leasing Act Enforcement-15 USC 1667d section FIRREA penalties include:

  1. Penalties up to $8,500 per day for violations of laws and regulations
  2. Penalties up to $37,500 per day if violations or unsafe or unsound practices are engaged in recklessly or are part of a pattern of misconduct that causes more than a minimal loss to the bank or any pecuniary gain to the parties involved
  3. Penalties up to $1,375,000 per day against persons who knowingly commit a violation and knowingly or recklessly cause a substantial loss to the bank or a substantial benefit to the party
  4. Penalties up to $9,500 per day for violations of laws and regulations

Answer(s): A,B






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