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Free CRCM Exam Braindumps (page: 60)

Page 60 of 344
PDF with 463 Questions

These are the definitions of _: The refusal to grant credit in substantially the amount or on substantially the terms requested in an application (and the applicant uses or expressly accepts the credit offered) A termination of the account or an unfavorable change in the terms of an account, unless the change affects substantially all of the lender's accounts of that type.A refusal to increase the amount of credit available to an applicant who has made an application for an increase

  1. Adverse action-12 CFR 202.2(c)
  2. Special-purpose credit-12 CFR 202.8
  3. Refusals- 12 CFR 202.8
  4. security agreements-12 CFR 202.2(c)

Answer(s): A



These are the definitions of _: The refusal to grant credit in substantially the amount or on substantially the terms requested in an application (and the applicant uses or expressly accepts the credit offered) A termination of the account or an unfavorable change in the terms of an account, unless the change affects substantially all of the lender's accounts of that type.A refusal to increase the amount of credit available to an applicant who has made an application for an increase

  1. Adverse action-12 CFR 202.2(c)
  2. Special-purpose credit-12 CFR 202.8
  3. Refusals- 12 CFR 202.8
  4. security agreements-12 CFR 202.2(c)

Answer(s): A



These are the definitions of _: The refusal to grant credit in substantially the amount or on substantially the terms requested in an application (and the applicant uses or expressly accepts the credit offered) A termination of the account or an unfavorable change in the terms of an account, unless the change affects substantially all of the lender's accounts of that type.A refusal to increase the amount of credit available to an applicant who has made an application for an increase

  1. Adverse action-12 CFR 202.2(c)
  2. Special-purpose credit-12 CFR 202.8
  3. Refusals- 12 CFR 202.8
  4. security agreements-12 CFR 202.2(c)

Answer(s): A



FDIC guidance lists three requirements to ensure compliance with spousal signature rules include all of the following EXCEPT:

  1. Review and revise policies
    Eliminate policies or procedures that are inconsistent with the requirements Expand loan policies and procedures to provide loan staff with specific guidance on state law(s) regarding requiring signatures
    Cover the laws of all states where the creditor institution does business Create checklists to address situations when spousal signatures can be required
  2. Provide training to consumer and commercial loan staff
  3. Implement monitoring and auditing programs to check for spousal signature violations
  4. Must allow an applicant to designate a birth-given first name and a birth-given, surname, spouse's surname, or combination

Answer(s): D



Page 60 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
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