QUESTION: 37

Supervisory review should also be the part of Subprime Mortgage Lending. It should review:

Regulatory agencies will continue to focus on risk management review and consumer compliance processes
Hiring and Training of personnel
Agencies will continue to take action against institutions that violate consumer protection laws or fair lending laws or that engages in unfair or deceptive acts or practices or in unsafe or unsound lending practices
Applicability of prepayment penalties

Answer(s): A,C

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QUESTION: 37

Supervisory review should also be the part of Subprime Mortgage Lending. It should review:

Regulatory agencies will continue to focus on risk management review and consumer compliance processes
Hiring and Training of personnel
Agencies will continue to take action against institutions that violate consumer protection laws or fair lending laws or that engages in unfair or deceptive acts or practices or in unsafe or unsound lending practices
Applicability of prepayment penalties

Answer(s): A,C

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The act limited balloon payments in consumer leases and enabled consumers to compare lease terms with credit terms where appropriate. The act was implemented by Regulation M (Consumer Leasing). It requires disclosures to consumers before consummation of the lease agreement. This act is:

Consumer leasing act
Risk disclosure act
ALLL
None of these

Answer(s): A

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QUESTION: 38

The act limited balloon payments in consumer leases and enabled consumers to compare lease terms with credit terms where appropriate. The act was implemented by Regulation M (Consumer Leasing). It requires disclosures to consumers before consummation of the lease agreement. This act is:

Consumer leasing act
Risk disclosure act
ALLL
None of these

Answer(s): A

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Free CRCM Exam Braindumps (page: 29)

QUESTION: 37

QUESTION: 37

QUESTION: 38

QUESTION: 38

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