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Free CRCM Exam Braindumps (page: 61)

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






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