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Free CRCM Exam Braindumps (page: 72)

Page 72 of 344
PDF with 463 Questions

First National Bank is a member of a multibank holding company. The bank makes ARM loans and occasionally purchases ARM loans from its affiliate national and state banks as well as from nonaffiliate banks. Which of the following practices is NOT acceptable under the OCC ARM regulation?

  1. The bank purchases loans from its state affiliate banks where the index on the loan is tied to First National's prime rate.
  2. The bank makes loans to purchase single-family dwellings with interest rates that may be adjusted from time to time.
  3. The bank links the interest rate indices on its own ARM loans to them national prime rate as published in The Wall Street Journal.
  4. The bank requires its national bank affiliates to use the national prime rate as published in The Wall Street Journal as the index for any of the ARM loans it purchases.

Answer(s): A



First National Bank is a member of a multibank holding company. The bank makes ARM loans and occasionally purchases ARM loans from its affiliate national and state banks as well as from nonaffiliate banks. Which of the following practices is NOT acceptable under the OCC ARM regulation?

  1. The bank purchases loans from its state affiliate banks where the index on the loan is tied to First National's prime rate.
  2. The bank makes loans to purchase single-family dwellings with interest rates that may be adjusted from time to time.
  3. The bank links the interest rate indices on its own ARM loans to them national prime rate as published in The Wall Street Journal.
  4. The bank requires its national bank affiliates to use the national prime rate as published in The Wall Street Journal as the index for any of the ARM loans it purchases.

Answer(s): A



First National Bank is a member of a multibank holding company. The bank makes ARM loans and occasionally purchases ARM loans from its affiliate national and state banks as well as from nonaffiliate banks. Which of the following practices is NOT acceptable under the OCC ARM regulation?

  1. The bank purchases loans from its state affiliate banks where the index on the loan is tied to First National's prime rate.
  2. The bank makes loans to purchase single-family dwellings with interest rates that may be adjusted from time to time.
  3. The bank links the interest rate indices on its own ARM loans to them national prime rate as published in The Wall Street Journal.
  4. The bank requires its national bank affiliates to use the national prime rate as published in The Wall Street Journal as the index for any of the ARM loans it purchases.

Answer(s): A



On which of the following adjustable-rate loans must the bank use an index beyond its control?

  1. A loan to purchase a home to refurnish and resell for a profit
  2. A loan to purchase a vacation home
  3. A loan to purchase a duplex where the borrower will live in one of the units
  4. A loan to purchase a home to be used as rental property

Answer(s): C



Page 72 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