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Free CRCM Exam Braindumps (page: 52)

Page 52 of 344
PDF with 463 Questions

Banks must establish and maintain effective risk management and control processes over its DCCs and DSAs, including:

  1. Appropriate recognition and financial reporting of income, expenses, assets, and liabilities
  2. Appropriate treatment of losses associated with these products
  3. Assessment of the adequacy of its internal controls and risk mitigation activities
  4. Before entering into a contract, the bank must obtain the customer's written affirmative election to enter into the contract and written acknowledgement of the receipt of the disclosures

Answer(s): A,B,C



Banks must establish and maintain effective risk management and control processes over its DCCs and DSAs, including:

  1. Appropriate recognition and financial reporting of income, expenses, assets, and liabilities
  2. Appropriate treatment of losses associated with these products
  3. Assessment of the adequacy of its internal controls and risk mitigation activities
  4. Before entering into a contract, the bank must obtain the customer's written affirmative election to enter into the contract and written acknowledgement of the receipt of the disclosures

Answer(s): A,B,C



The Equal Credit Opportunity Act (ECOA) was enacted in 1974 to prevent discrimination in credit transactions. In 1975 the act was amended. Which of the following prohibited base/s are now included in it?

  1. National origin
  2. Exercise of rights under the Consumer Credit Protection Act
  3. Receipt of public assistance income
  4. All of these

Answer(s): D



The Equal Credit Opportunity Act (ECOA) was enacted in 1974 to prevent discrimination in credit transactions. In 1975 the act was amended. Which of the following prohibited base/s are now included in it?

  1. National origin
  2. Exercise of rights under the Consumer Credit Protection Act
  3. Receipt of public assistance income
  4. All of these

Answer(s): D



Page 52 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