QUESTION: 61

The maximum amount of credit that a bank may extend to all of its insiders is known as the and is equal to 100 percent of its unimpaired capital and surplus.

Aggregate lending limit
Loan filliping
Equity stripping
Tangible economic benefit

Answer(s): A

Reveal Solution Next Question

QUESTION: 61

The maximum amount of credit that a bank may extend to all of its insiders is known as the and is equal to 100 percent of its unimpaired capital and surplus.

Aggregate lending limit
Loan filliping
Equity stripping
Tangible economic benefit

Answer(s): A

Reveal Solution Next Question

On a written request from a member of the public, the bank must disclose the names of each of its executive officers and principal shareholders to whom the bank had aggregate credit outstanding at the end of the latest quarter that equaled or exceeded:

10 percent of the bank's capital, and unimpaired surplus or $500,000, whichever is less; no disclosure is required if the aggregate credit was $30,000 or less. Disclosure of individual loan amounts is not required
5 percent of the bank's capital, and unimpaired surplus or $500,000, whichever is less; no disclosure is required if the aggregate credit was $25,000 or less. Disclosure of individual loan amounts is not required
6 percent of the bank's capital, and unimpaired surplus or $100,000, whichever is less; no disclosure is required if the aggregate credit was $25,000 or less. Disclosure of individual loan amounts is not required
5 percent of the bank's capital, and unimpaired surplus or $100,000, whichever is less; no disclosure is required if the aggregate credit was $35,000 or less. Disclosure of individual loan amounts is not required

Answer(s): B

Reveal Solution Next Question

QUESTION: 62

10 percent of the bank's capital, and unimpaired surplus or $500,000, whichever is less; no disclosure is required if the aggregate credit was $30,000 or less. Disclosure of individual loan amounts is not required
5 percent of the bank's capital, and unimpaired surplus or $500,000, whichever is less; no disclosure is required if the aggregate credit was $25,000 or less. Disclosure of individual loan amounts is not required
6 percent of the bank's capital, and unimpaired surplus or $100,000, whichever is less; no disclosure is required if the aggregate credit was $25,000 or less. Disclosure of individual loan amounts is not required
5 percent of the bank's capital, and unimpaired surplus or $100,000, whichever is less; no disclosure is required if the aggregate credit was $35,000 or less. Disclosure of individual loan amounts is not required

Answer(s): B

Reveal Solution Next Question

Free CRCM Exam Braindumps (page: 46)

QUESTION: 61

QUESTION: 61

QUESTION: 62

QUESTION: 62