QUESTION: 18

Under Interagency Guidance on Subprime Lending (1999) lending policy must:

Be appropriate to the size and complexity of the operation
Address the types of products offers and those not authorized
Require credit file documentation
All of these

Answer(s): D

QUESTION: 19

The purpose of guidelines for National Banks to Guard against Predatory and Abusive Lending Practices- AL-2003-2 includes all of the following EXCEPT:

Provide examples to national banks of practices that may be abusive
Advise banks on how they should avoid abusive practices
Banks should consider appropriate discount rates, credit loss rates, and prepayment rates when valuing these assets
Show how some abusive lending can involve unfair or deceptive practices and therefore violate the Federal Trade Commission Act

Answer(s): C

Reveal Solution Next Question

QUESTION: 19

The purpose of guidelines for National Banks to Guard against Predatory and Abusive Lending Practices- AL-2003-2 includes all of the following EXCEPT:

Provide examples to national banks of practices that may be abusive
Advise banks on how they should avoid abusive practices
Banks should consider appropriate discount rates, credit loss rates, and prepayment rates when valuing these assets
Show how some abusive lending can involve unfair or deceptive practices and therefore violate the Federal Trade Commission Act

Answer(s): C

Reveal Solution Next Question

QUESTION: 19

The purpose of guidelines for National Banks to Guard against Predatory and Abusive Lending Practices- AL-2003-2 includes all of the following EXCEPT:

Provide examples to national banks of practices that may be abusive
Advise banks on how they should avoid abusive practices
Banks should consider appropriate discount rates, credit loss rates, and prepayment rates when valuing these assets
Show how some abusive lending can involve unfair or deceptive practices and therefore violate the Federal Trade Commission Act

Answer(s): C

Reveal Solution Next Question

Free CRCM Exam Braindumps (page: 15)

QUESTION: 18

QUESTION: 19

QUESTION: 19

QUESTION: 19

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