QUESTION: 45

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

Penalties up to $8,500 per day for violations of laws and regulations
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
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
Penalties up to $9,500 per day for violations of laws and regulations

Answer(s): A,B

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QUESTION: 45

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

Penalties up to $8,500 per day for violations of laws and regulations
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
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
Penalties up to $9,500 per day for violations of laws and regulations

Answer(s): A,B

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____________ requires that a statement of purpose be obtained from borrowers whose loans are to be greater than $100,000 and that will be secured by margin stock. Loans made for the purpose of purchasing margin stock are subject to additional limitations

Regulation U
Regulation V
Regulation Z
Regulation X

Answer(s): A

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QUESTION: 46

____________ requires that a statement of purpose be obtained from borrowers whose loans are to be greater than $100,000 and that will be secured by margin stock. Loans made for the purpose of purchasing margin stock are subject to additional limitations

Regulation U
Regulation V
Regulation Z
Regulation X

Answer(s): A

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Free CRCM Exam Braindumps (page: 35)

QUESTION: 45

QUESTION: 45

QUESTION: 46

QUESTION: 46

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