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Free CRCM Exam Braindumps (page: 98)

Page 98 of 344
PDF with 463 Questions

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



First National Bank would like to adopt a recordkeeping system that complies with the requirements of Regulation O. Which of the following best describes the recordkeeping system required by Regulation O?

  1. A system in which the bank annually surveys all executive officers of First National and its affiliates to determine the insiders' related interests
  2. A system in which the bank asks all borrowers as loans are made whether the borrower is a related interest of an insider
  3. A system that surveys insiders of First National annually and requires each insider to disclose his or her related interests
  4. A system that requires an annual survey of affiliate insiders

Answer(s): C



First National Bank would like to adopt a recordkeeping system that complies with the requirements of Regulation O. Which of the following best describes the recordkeeping system required by Regulation O?

  1. A system in which the bank annually surveys all executive officers of First National and its affiliates to determine the insiders' related interests
  2. A system in which the bank asks all borrowers as loans are made whether the borrower is a related interest of an insider
  3. A system that surveys insiders of First National annually and requires each insider to disclose his or her related interests
  4. A system that requires an annual survey of affiliate insiders

Answer(s): C



First National Bank would like to adopt a recordkeeping system that complies with the requirements of Regulation O. Which of the following best describes the recordkeeping system required by Regulation O?

  1. A system in which the bank annually surveys all executive officers of First National and its affiliates to determine the insiders' related interests
  2. A system in which the bank asks all borrowers as loans are made whether the borrower is a related interest of an insider
  3. A system that surveys insiders of First National annually and requires each insider to disclose his or her related interests
  4. A system that requires an annual survey of affiliate insiders

Answer(s): C



Page 98 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