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Banking CRCM Exam
CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) (Page 34 )

Updated On: 11-Jan-2026
Page 34 of 276
PDF with 463 Questions

On a written request from a member of the public, the bank must disclose the names of each of its executive officers and principal shareholders to whom the bank had aggregate credit outstanding at the end of the latest quarter that equaled or exceeded:

  1. 10 percent of the bank's capital, and unimpaired surplus or $500,000, whichever is less; no disclosure is required if the aggregate credit was $30,000 or less. Disclosure of individual loan amounts is not required
  2. 5 percent of the bank's capital, and unimpaired surplus or $500,000, whichever is less; no disclosure is required if the aggregate credit was $25,000 or less. Disclosure of individual loan amounts is not required
  3. 6 percent of the bank's capital, and unimpaired surplus or $100,000, whichever is less; no disclosure is required if the aggregate credit was $25,000 or less. Disclosure of individual loan amounts is not required
  4. 5 percent of the bank's capital, and unimpaired surplus or $100,000, whichever is less; no disclosure is required if the aggregate credit was $35,000 or less. Disclosure of individual loan amounts is not required

Answer(s): B



The maximum amount of credit that a bank may extend to all of its insiders is known as the and is equal to 100 percent of its unimpaired capital and surplus.

  1. Aggregate lending limit
  2. Loan filliping
  3. Equity stripping
  4. Tangible economic benefit

Answer(s): A



Lending restrictions under requirements 12 CFR 215; 12 CFR 337, 12 CFR 349 are all of the following EXCEPT:

  1. Banks may not lend to executive officers, directors, principal shareholders, or any of their related interests unless the credit is made on substantially the same terms and following credit underwriting standards that are not less stringent than those on loans to persons who are not insiders; however, if the bank has a benefit program widely available to its employees, it may lend to insiders on the same terms and conditions as it lends to its other employees, pursuant to its employee benefit program
  2. Banks may not lend to any executive officer, director, or principal shareholder, and to any of their related interests, amounts that exceed the higher of $25,000 or 5 percent of the bank's capital and unimpaired surplus (up to a maximum of $500,000) in the aggregate unless
    The credit is approved in advance by the board of directors The interested party has abstained from voting
  3. Prior approval is not needed for each draw against a line of credit provided the line of credit was approved within the preceding 14 months, based on the then-current financial statement
  4. None of these

Answer(s): D



It is an extension of credit will be deemed to be made to an insider if the proceeds are transferred to the insider or used for the insider's benefit. This rule does not apply if the credit is made on substantially the same terms and conditions as those made to a non- insider and if the proceeds are used in a bona fide transaction involving the acquisition of property, goods, or services from the insider. What is it?

  1. Tangible economic benefit rule012 CFR 215.3(f)
  2. Extension of credit-12 CFR 215.3
  3. Lending restrictions
  4. Intangible economic-benefit rule

Answer(s): A



__________ is any company of which the bank is a subsidiary or any other subsidiary of the same company of which the bank is a subsidiary.

  1. Brokerage House
  2. Treasury
  3. FDIC
  4. Affiliates

Answer(s): D



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