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This is a loan term or an arrangement that modifies a loan term under which a bank agrees to cancel all or part of a customer's loan obligation on the occurrence of a specified event. It may be included as a part of the loan documents, or it may be a separate agreement. What is it?

  1. Debt suspension agreement (DSA)
  2. Anti-dying
  3. Debt cancellation contract (DCC)
  4. ALLL

Answer(s): C



This is a loan term or an arrangement that modifies a loan term under which a bank agrees to cancel all or part of a customer's loan obligation on the occurrence of a specified event. It may be included as a part of the loan documents, or it may be a separate agreement. What is it?

  1. Debt suspension agreement (DSA)
  2. Anti-dying
  3. Debt cancellation contract (DCC)
  4. ALLL

Answer(s): C



Short-form disclosures are required in advertisements and promotional materials unless the advertisements and promotional materials are of:

  1. A general nature describing or listing the products or services offered by the bank
  2. A specific nature describing or listing the products or services offered by the bank
  3. A general nature describing or special services offered by the bank
  4. A general nature describing competitive advantage of the bank

Answer(s): A



Short-form disclosures are required in advertisements and promotional materials unless the advertisements and promotional materials are of:

  1. A general nature describing or listing the products or services offered by the bank
  2. A specific nature describing or listing the products or services offered by the bank
  3. A general nature describing or special services offered by the bank
  4. A general nature describing competitive advantage of the bank

Answer(s): A






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