Free CRCM Exam Braindumps (page: 114)

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Regulation B defines "elderly" as having attained an age of how many years?

  1. 55
  2. 59½
  3. 62
  4. 70½

Answer(s): C



When helping a loan officer determine whether the bank must give a written adverseaction notice to a business loan applicant, what should the compliance officer consider?

  1. Current net income
  2. Gross revenue for the preceding year
  3. Length of time the applicant has been in business
  4. Type of business entity (that is, corporation, partnership, or sole proprietorship)

Answer(s): B



When helping a loan officer determine whether the bank must give a written adverseaction notice to a business loan applicant, what should the compliance officer consider?

  1. Current net income
  2. Gross revenue for the preceding year
  3. Length of time the applicant has been in business
  4. Type of business entity (that is, corporation, partnership, or sole proprietorship)

Answer(s): B



When helping a loan officer determine whether the bank must give a written adverseaction notice to a business loan applicant, what should the compliance officer consider?

  1. Current net income
  2. Gross revenue for the preceding year
  3. Length of time the applicant has been in business
  4. Type of business entity (that is, corporation, partnership, or sole proprietorship)

Answer(s): B






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