Free CRCM Exam Braindumps (page: 65)

Page 65 of 344

A consumer reporting agency may furnish a consumer report

  1. If not authorized in writing by the consumer
  2. In response to a court order having jurisdiction or a subpoena issued by a federal grand jury or review or collection of an account of the consumer
  3. In connection with a credit or insurance transaction
  4. For employment purposes
    Before procuring a consumer report, an employer
    Must disclose to the individual in writing that a consumer report may be obtained Must obtain written authorization from the individual before procuring the report

Answer(s): B,C,D



Legislation was recently enacted to reform consumer real estate protection laws, and the bank will now have to change the way it documents, discloses, and advertises real estate loans, an integral product line at your bank. What should the compliance professional do FIRST to implement the new law within the bank?

  1. Read the law and write a new real estate compliance policy
  2. Form a task force of the business unit managers whose departments will be affected by the law to collectively form an action plan
  3. Talk to the bank president about the need for more resources in compliance
  4. Sign up all bank personnel affected by the changes for a seminar on the new law

Answer(s): B



Legislation was recently enacted to reform consumer real estate protection laws, and the bank will now have to change the way it documents, discloses, and advertises real estate loans, an integral product line at your bank. What should the compliance professional do FIRST to implement the new law within the bank?

  1. Read the law and write a new real estate compliance policy
  2. Form a task force of the business unit managers whose departments will be affected by the law to collectively form an action plan
  3. Talk to the bank president about the need for more resources in compliance
  4. Sign up all bank personnel affected by the changes for a seminar on the new law

Answer(s): B



Legislation was recently enacted to reform consumer real estate protection laws, and the bank will now have to change the way it documents, discloses, and advertises real estate loans, an integral product line at your bank. What should the compliance professional do FIRST to implement the new law within the bank?

  1. Read the law and write a new real estate compliance policy
  2. Form a task force of the business unit managers whose departments will be affected by the law to collectively form an action plan
  3. Talk to the bank president about the need for more resources in compliance
  4. Sign up all bank personnel affected by the changes for a seminar on the new law

Answer(s): B



Page 65 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
upvote

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
upvote

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
upvote

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