CompTIA
Checkpoint
ISC
HP
Dell
EC-Council
EXIN
Fortinet
ITIL®
Juniper
PMI
Microsoft
VMware
Avaya
Google
Salesforce
Amazon
Palo Alto Networks
Certiport
ISC2
All Vendors
  2. Home
  3. Exams
  4. Banking
  5. CRCM

Free CRCM Exam Braindumps (page: 82)

Page 82 of 344
PDF with 463 Questions

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



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



First National's consumer leasing department placed an ad in the local paper that pictured a car with the caption, "Sign a lease with us and pay only $275 per month." What other information must this ad have?

  1. A statement that the transaction is not a loan
  2. The total amount due at consummation or delivery, the number of payments required, and any required security deposit
  3. The bank's policy regarding the purchase of the property by the lessee
  4. Disclosures regarding required insurance

Answer(s): B



First National's consumer leasing department placed an ad in the local paper that pictured a car with the caption, "Sign a lease with us and pay only $275 per month." What other information must this ad have?

  1. A statement that the transaction is not a loan
  2. The total amount due at consummation or delivery, the number of payments required, and any required security deposit
  3. The bank's policy regarding the purchase of the property by the lessee
  4. Disclosures regarding required insurance

Answer(s): B



Page 82 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