Free CRCM Exam Braindumps (page: 83)

Page 83 of 344

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



Records regarding compliance with Regulation M must be kept for how long?

  1. Five years following consummation of the lease
  2. Two years after the disclosures are made
  3. Twenty-five months from consummation
  4. One year from the time the disclosures are made

Answer(s): B



Records regarding compliance with Regulation M must be kept for how long?

  1. Five years following consummation of the lease
  2. Two years after the disclosures are made
  3. Twenty-five months from consummation
  4. One year from the time the disclosures are made

Answer(s): B



Records regarding compliance with Regulation M must be kept for how long?

  1. Five years following consummation of the lease
  2. Two years after the disclosures are made
  3. Twenty-five months from consummation
  4. One year from the time the disclosures are made

Answer(s): B



Page 83 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
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LeAnne Hair commented on August 24, 2023
#229 in incorrect - all the customers require an annual review
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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
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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.
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Lori commented on July 20, 2017
I had a good result. Worth the money.
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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.
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