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Free CRCM Exam Braindumps (page: 81)

Page 81 of 344
PDF with 463 Questions

The initial disclosure requires that certain disclosures relating to the termination of a lease be given to the consumer. Which of these disclosures is NOT required?

  1. The conditions under which the lease may be terminated before the end of its term
  2. Whether or not the lessee has the option to purchase the property and at what price
  3. Whether the lease may be extended at the option of the lessee
  4. Whether the lessee will be liable for the difference between the estimated value of the property and its realized value at the termination or end of the lease

Answer(s): C



The initial disclosure requires that certain disclosures relating to the termination of a lease be given to the consumer. Which of these disclosures is NOT required?

  1. The conditions under which the lease may be terminated before the end of its term
  2. Whether or not the lessee has the option to purchase the property and at what price
  3. Whether the lease may be extended at the option of the lessee
  4. Whether the lessee will be liable for the difference between the estimated value of the property and its realized value at the termination or end of the lease

Answer(s): C



The initial disclosure requires that certain disclosures relating to the termination of a lease be given to the consumer. Which of these disclosures is NOT required?

  1. The conditions under which the lease may be terminated before the end of its term
  2. Whether or not the lessee has the option to purchase the property and at what price
  3. Whether the lease may be extended at the option of the lessee
  4. Whether the lessee will be liable for the difference between the estimated value of the property and its realized value at the termination or end of the lease

Answer(s): C



Roberta Milton's car lease with First National Bank reached its termination on August 1. Roberta and the bank agreed to extend the lease on a month-tomonth basis without charging her a fee for doing so. What disclosure responsibilities does the bank have now?

  1. None are needed now.
  2. None, until after six months of the month-to-month lease
  3. The bank must make an entirely new initial disclosure
  4. The bank must disclose the estimated residual value at the end of six months

Answer(s): B



Page 81 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