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Free CRCM Exam Braindumps (page: 56)

Page 56 of 344
PDF with 463 Questions

Definition of completed application--12 CFR 202.2(f) is:

  1. An application for which the bank has received all the information it regularly considers in evaluation, including credit reports, verifications, and so forth
  2. The creditor must be reasonably diligent in collecting information to complete the application (for example, ordering credit bureau reports)
  3. An inquiry becomes an application when the creditor evaluates information and decides to grant or decline the credit
  4. Requests for written preapprovals to be issued by the lender are considered applications

Answer(s): A,B



Requirements--12 CFR 202.2, 202.4, 202.5, 202.6, and 202.13 say that a creditor may not request information about an application's race, color, religion, national origin, or gender except as specifically permitted by _or another statute such as the Home Mortgage Disclosure Act.

  1. Regulation B
  2. Regulation U
  3. Regulation Z
  4. Regulation A

Answer(s): A



Requirements--12 CFR 202.2, 202.4, 202.5, 202.6, and 202.13 say that a creditor may not request information about an application's race, color, religion, national origin, or gender except as specifically permitted by _or another statute such as the Home Mortgage Disclosure Act.

  1. Regulation B
  2. Regulation U
  3. Regulation Z
  4. Regulation A

Answer(s): A



Requirements--12 CFR 202.2, 202.4, 202.5, 202.6, and 202.13 say that a creditor may not request information about an application's race, color, religion, national origin, or gender except as specifically permitted by _or another statute such as the Home Mortgage Disclosure Act.

  1. Regulation B
  2. Regulation U
  3. Regulation Z
  4. Regulation A

Answer(s): A



Page 56 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
upvote

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
upvote

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