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Banking CRCM Exam
CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) (Page 31 )

Updated On: 11-Jan-2026
Page 31 of 276
PDF with 463 Questions

Institutions that offer nontraditional mortgage products should make sure they comply with the following, as applicable, EXCEPT:

  1. Truth in Lending Act
  2. FTC Act (i.e., Unfair and Deceptive Acts and Practices)
  3. RESTA
  4. State laws prohibiting deceptive trade practices

Answer(s): C



Under collateral requirements-12CFR 221.7, maximum loan value of margin stock is:

  1. Currently 50 percent of the current market value
  2. Currently 70 percent of the current market value
  3. Subject to change by the Federal Reserve
  4. Subject to change by the Equity Reserve

Answer(s): A,C



What is actually a Single credit rule-12 CFR 221.3(d)?

  1. All purpose credit extended to a customer will be considered to be a single credit for purposes of Regulation U
  2. The value of all collateral securing all purpose loans will be aggregated to determine if it is sufficient
  3. If unsecured purpose credit is extended before secured purpose credit, the loans need only be combined for purposes of applying the withdrawal and substitution rules
  4. All of the above

Answer(s): D



Which one of the following types of credit may be extended in Requirements case-12 CFR 221.3, 221.7:

  1. Temporary advances in payment against delivery transactions
  2. Capital contribution leases
  3. Credit to clearing banking authorities
  4. Underwriter loans

Answer(s): A,D



OCC advisory on credit card practice-AL-2004-10 in credit card practices covers:

  1. Finance and credit management practices that may be unfair or deceptive and expose a bank to compliance and reputation risk
  2. Marketing and account management practices that may be unfair or deceptive and expose a bank to compliance and reputation risk
  3. Marketing and account management practices
  4. Marketing and account management practices that may be fair and can't expose a bank to compliance and reputation risk

Answer(s): B



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