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Free CRCM Exam Braindumps (page: 84)

Page 84 of 344
PDF with 463 Questions

Which of the following statements is true regarding the lessee's ability to purchase the leased property?

  1. The lessor must allow the lessee to purchase the leased property either during the lease term or at the end of the term.
  2. If the lessor allows the lessee to purchase the property at the end of the lease term, the lessor may not charge more than the equivalent of 12 monthly payments for the property.
  3. If the lessor allows the lessee to purchase the property at the end of the lease term, the purchase price must be disclosed in the initial disclosure statement.
  4. The purchase price of the leased property must be mutually agreed on by the lessor and the lessee.

Answer(s): C



Which of the following statements is true regarding the lessee's ability to purchase the leased property?

  1. The lessor must allow the lessee to purchase the leased property either during the lease term or at the end of the term.
  2. If the lessor allows the lessee to purchase the property at the end of the lease term, the lessor may not charge more than the equivalent of 12 monthly payments for the property.
  3. If the lessor allows the lessee to purchase the property at the end of the lease term, the purchase price must be disclosed in the initial disclosure statement.
  4. The purchase price of the leased property must be mutually agreed on by the lessor and the lessee.

Answer(s): C



Which of the following statements is true regarding the lessee's ability to purchase the leased property?

  1. The lessor must allow the lessee to purchase the leased property either during the lease term or at the end of the term.
  2. If the lessor allows the lessee to purchase the property at the end of the lease term, the lessor may not charge more than the equivalent of 12 monthly payments for the property.
  3. If the lessor allows the lessee to purchase the property at the end of the lease term, the purchase price must be disclosed in the initial disclosure statement.
  4. The purchase price of the leased property must be mutually agreed on by the lessor and the lessee.

Answer(s): C



With regard to standards for wear and use of leased property, which of the following statements is true?

  1. A lessor must adhere to the manufacturer's standards for wear and use of the leased property.
  2. A lessor must develop and disclose its own standards for wear and use of leased property.
  3. A lessor must provide a notice of wear and use standards on motor vehicle leases.
  4. A lessor need not provide a notice of wear and use standards on motor vehicle leases if the lessor imposes an automatic, standardized charge.

Answer(s): C



Page 84 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