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Free CRCM Exam Braindumps (page: 39)

Page 39 of 344
PDF with 463 Questions

What is actually a Single credit rule-12 CFR 221.3(d)?

  1. All purpose credit extended to a customer will be considered to be a single credit for purposes of Regulation U
  2. The value of all collateral securing all purpose loans will be aggregated to determine if it is sufficient
  3. If unsecured purpose credit is extended before secured purpose credit, the loans need only be combined for purposes of applying the withdrawal and substitution rules
  4. All of the above

Answer(s): D



What is actually a Single credit rule-12 CFR 221.3(d)?

  1. All purpose credit extended to a customer will be considered to be a single credit for purposes of Regulation U
  2. The value of all collateral securing all purpose loans will be aggregated to determine if it is sufficient
  3. If unsecured purpose credit is extended before secured purpose credit, the loans need only be combined for purposes of applying the withdrawal and substitution rules
  4. All of the above

Answer(s): D



What is actually a Single credit rule-12 CFR 221.3(d)?

  1. All purpose credit extended to a customer will be considered to be a single credit for purposes of Regulation U
  2. The value of all collateral securing all purpose loans will be aggregated to determine if it is sufficient
  3. If unsecured purpose credit is extended before secured purpose credit, the loans need only be combined for purposes of applying the withdrawal and substitution rules
  4. All of the above

Answer(s): D



Which one of the following types of credit may be extended in Requirements case-12 CFR 221.3, 221.7:

  1. Temporary advances in payment against delivery transactions
  2. Capital contribution leases
  3. Credit to clearing banking authorities
  4. Underwriter loans

Answer(s): A,D



Page 39 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