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Free CRCM Exam Braindumps (page: 40)

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QUESTION: 52

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

All purpose credit extended to a customer will be considered to be a single credit for purposes of Regulation U
The value of all collateral securing all purpose loans will be aggregated to determine if it is sufficient
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
All of the above

Answer(s): D

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QUESTION: 52

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

All purpose credit extended to a customer will be considered to be a single credit for purposes of Regulation U
The value of all collateral securing all purpose loans will be aggregated to determine if it is sufficient
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
All of the above

Answer(s): D

Reveal Solution Next Question

QUESTION: 52

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

All purpose credit extended to a customer will be considered to be a single credit for purposes of Regulation U
The value of all collateral securing all purpose loans will be aggregated to determine if it is sufficient
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
All of the above

Answer(s): D

Reveal Solution Next Question

QUESTION: 53

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

Temporary advances in payment against delivery transactions
Capital contribution leases
Credit to clearing banking authorities
Underwriter loans

Answer(s): A,D

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CRCM Discussions & Posts

LeAnne Hair Commented on August 24, 2023
#229 in incorrect - all the customers require an annual review
UNITED STATES

LeAnne Hair Commented on August 24, 2023
#229 in incorrect - all the customers require an annual review
UNITED STATES

LeAnne Hair Commented on August 24, 2023
I think question 204 has an incorrect solution. It should be D-Regulation E
UNITED STATES

Igor Commented on April 10, 2020
Guys, leave no stones unturned. Try to study every questions and anything other supplementary material you have. The exam is not easy. I just wrote mine and if it wss not for these questions I would have not have passed it.
BULGARIA

Lori Commented on July 20, 2017
I had a good result. Worth the money.
UNITED STATES

Chipps Commented on July 20, 2017
Studying from this dump helped me understand the concept and what comes in the exam. But I only get about 80 to 85% of the questions not 100% as it is claimed. Well... still good enough to pass.
UNITED STATES