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Free CRCM Exam Braindumps (page: 71)

Page 71 of 344
PDF with 463 Questions

A compliance professional is a member of the task force studying how the bank can reduce customer complaints about holding deposits. One proposed solution involves purchasing an expensive system that will reduce the number of holds placed by evaluating the customer's history and relationship with the bank. Which of the following roles is MOST important for the compliance professional on the task force?

  1. Developing training for tellers who will use the new system
  2. Setting parameters for what the system should review to determine the strength of the customer relationship
  3. Validating the system to ensure it complies with regulatory restrictions
  4. Conducting a cost-benefit analysis to determine if the system is the best solution

Answer(s): C



Of the following loans made by a national bank, which loan is NOT covered by the OCC ARM regulation?

  1. A loan to purchase a single-family dwelling to be used as a residence, secured by the dwelling with an adjustable interest rate
  2. A loan made to purchase a mobile home to be used as rental property, secured by the home with a variable interest rate
  3. A loan made to purchase an eight-unit apartment complex, secured by the building, made payable on demand with a variable rate of interest
  4. A loan made to purchase a duplex, secured by the dwelling, amortized over 15 years with a 5-year maturity, at a variable rate of interest

Answer(s): C



Of the following loans made by a national bank, which loan is NOT covered by the OCC ARM regulation?

  1. A loan to purchase a single-family dwelling to be used as a residence, secured by the dwelling with an adjustable interest rate
  2. A loan made to purchase a mobile home to be used as rental property, secured by the home with a variable interest rate
  3. A loan made to purchase an eight-unit apartment complex, secured by the building, made payable on demand with a variable rate of interest
  4. A loan made to purchase a duplex, secured by the dwelling, amortized over 15 years with a 5-year maturity, at a variable rate of interest

Answer(s): C



Of the following loans made by a national bank, which loan is NOT covered by the OCC ARM regulation?

  1. A loan to purchase a single-family dwelling to be used as a residence, secured by the dwelling with an adjustable interest rate
  2. A loan made to purchase a mobile home to be used as rental property, secured by the home with a variable interest rate
  3. A loan made to purchase an eight-unit apartment complex, secured by the building, made payable on demand with a variable rate of interest
  4. A loan made to purchase a duplex, secured by the dwelling, amortized over 15 years with a 5-year maturity, at a variable rate of interest

Answer(s): C



Page 71 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