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: 97)

Page 97 of 344
PDF with 463 Questions

Which of the following is true regarding extensions of credit to executive officers, directors, and principal shareholders?

  1. Must be approved in advance by the board of directors if the aggregate credit is more than the greater of either $25,000 or 5 percent of the bank's capital and surplus, not exceeding $500,000
  2. Must be approved in advance by the board of directors if the credit is greater than $50,000 or 5 percent of the bank's capital and surplus
  3. May not exceed $100,000 in the aggregate, regardless of approvals
  4. May not exceed $250,000 in the aggregate, regardless of approvals

Answer(s): A



Which of the following is true regarding extensions of credit to executive officers, directors, and principal shareholders?

  1. Must be approved in advance by the board of directors if the aggregate credit is more than the greater of either $25,000 or 5 percent of the bank's capital and surplus, not exceeding $500,000
  2. Must be approved in advance by the board of directors if the credit is greater than $50,000 or 5 percent of the bank's capital and surplus
  3. May not exceed $100,000 in the aggregate, regardless of approvals
  4. May not exceed $250,000 in the aggregate, regardless of approvals

Answer(s): A



What is the longest time after board approval that a bank can approve a line of credit for an executive officer?

  1. 12 months of such approval
  2. 9 months of such approval
  3. 14 months of such approval
  4. 6 months of such approval

Answer(s): C



What is the longest time after board approval that a bank can approve a line of credit for an executive officer?

  1. 12 months of such approval
  2. 9 months of such approval
  3. 14 months of such approval
  4. 6 months of such approval

Answer(s): C



Page 97 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