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Record keeping requirements-12 CFR 215.8 elaborates that:

Each bank must establish a recordkeeping system to keep records necessary for compliance with Regulation O
Banks may use any alternative recordkeeping method for insiders of affiliates if the bank's regulatory agency determines the bank's method is at least as effective as that required by Regulation O
All recordkeeping systems must
Include either an annual survey of insiders to identify related interests, or a requirement as part of each extension of credit that the borrower indicates whether he or she is an insider.
Provide for the maintenance of records of all credit to insiders, including the amounts and terms
All of these

Answer(s): D

Record keeping requirements-12 CFR 215.8 elaborates that:

Each bank must establish a recordkeeping system to keep records necessary for compliance with Regulation O
Banks may use any alternative recordkeeping method for insiders of affiliates if the bank's regulatory agency determines the bank's method is at least as effective as that required by Regulation O
All recordkeeping systems must
Include either an annual survey of insiders to identify related interests, or a requirement as part of each extension of credit that the borrower indicates whether he or she is an insider.
Provide for the maintenance of records of all credit to insiders, including the amounts and terms
All of these

Answer(s): D

Record keeping requirements-12 CFR 215.8 elaborates that:

Each bank must establish a recordkeeping system to keep records necessary for compliance with Regulation O
Banks may use any alternative recordkeeping method for insiders of affiliates if the bank's regulatory agency determines the bank's method is at least as effective as that required by Regulation O
All recordkeeping systems must
Include either an annual survey of insiders to identify related interests, or a requirement as part of each extension of credit that the borrower indicates whether he or she is an insider.
Provide for the maintenance of records of all credit to insiders, including the amounts and terms
All of these

Answer(s): D

Debt Cancellation Contracts and Debt Suspension Agreements coverage includes:

National banks that issue debt cancellation contracts and debt suspension agreements with borrowers in connection with loans for personal, family, or household purposes
A national bank may not engage in any practice, including advertising, which would cause a reasonable person to be misled with respect to DSAs and DCCs
A bank must provide the long-form disclosures in writing before the customer completes the purchase of a contract. If the solicitation occurs in person, the long-form disclosures must be provided at that time
A bank must make the short-form disclosures orally at the time the bank first solicits the contract

Answer(s): A

Debt Cancellation Contracts and Debt Suspension Agreements coverage includes:

National banks that issue debt cancellation contracts and debt suspension agreements with borrowers in connection with loans for personal, family, or household purposes
A national bank may not engage in any practice, including advertising, which would cause a reasonable person to be misled with respect to DSAs and DCCs
A bank must provide the long-form disclosures in writing before the customer completes the purchase of a contract. If the solicitation occurs in person, the long-form disclosures must be provided at that time
A bank must make the short-form disclosures orally at the time the bank first solicits the contract

Answer(s): A

Banking CRCM Exam Questions
CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) (Page 39 )