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Free CRCM Exam Braindumps (page: 90)

Page 90 of 344
PDF with 463 Questions

First National Bank has made a loan to Mr. Good, secured by margin stock, to purchase margin stock. He trades stocks frequently, makes substitutions on loan collateral regularly, and sometimes withdraws collateral and does not replace it. Must FNB ensure that margin requirements are met after every substitution and withdrawal?

  1. Yes. The margin requirements must be met at all times.
  2. No. If the margin requirements were met when the loan was made, there are no further requirements.
  3. No. The bank is only required to ensure that withdrawals do not violate margin requirements; collateral substitutions are not covered.
  4. No. In this case the margin requirement must be met only when the loan is renewed.

Answer(s): A



First National Bank has made a loan to Mr. Good, secured by margin stock, to purchase margin stock. He trades stocks frequently, makes substitutions on loan collateral regularly, and sometimes withdraws collateral and does not replace it. Must FNB ensure that margin requirements are met after every substitution and withdrawal?

  1. Yes. The margin requirements must be met at all times.
  2. No. If the margin requirements were met when the loan was made, there are no further requirements.
  3. No. The bank is only required to ensure that withdrawals do not violate margin requirements; collateral substitutions are not covered.
  4. No. In this case the margin requirement must be met only when the loan is renewed.

Answer(s): A



First National Bank has made a loan to Mr. Good, secured by margin stock, to purchase margin stock. He trades stocks frequently, makes substitutions on loan collateral regularly, and sometimes withdraws collateral and does not replace it. Must FNB ensure that margin requirements are met after every substitution and withdrawal?

  1. Yes. The margin requirements must be met at all times.
  2. No. If the margin requirements were met when the loan was made, there are no further requirements.
  3. No. The bank is only required to ensure that withdrawals do not violate margin requirements; collateral substitutions are not covered.
  4. No. In this case the margin requirement must be met only when the loan is renewed.

Answer(s): A



Is the renewal of a loan considered to be a new extension of credit for purposes of valuing the collateral under Regulation U?

  1. Yes
  2. Yes, if any additional amounts are added to the loan balance
  3. Yes, if any amounts other than interest, service charges, or taxes are added to the loan balance
  4. No, a renewal is never considered to be a new credit

Answer(s): C



Page 90 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
upvote

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
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