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Banking CRCM Exam
CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) (Page 50 )

Updated On: 11-Jan-2026
Page 50 of 276
PDF with 463 Questions

Which of the following is NOT a written record the bank should retain in complying with the Bank Bribery Act?

  1. A copy of the bank's internal code of conduct
  2. A list of all gifts received by bank officers during the year
  3. Disclosures of unauthorized gifts
  4. A list of all bank officers' outside business interests

Answer(s): B



Which of the following would NOT be acceptable under the Bank Bribery Act and the relevant guidelines?

  1. A luncheon paid for by a bank customer after a transaction is closed
  2. A gift of a hunting rifle to a loan officer from a borrower at Christmas
  3. The gift of a gold watch to a loan officer from a customer who is the loan NOTES officer's cousin
  4. An award of a writing pen and pencil set to a bank officer by a civic organization

Answer(s): B



Mills Company, Inc., is a manufacturing company with a working capital line of credit from First National Bank. The credit agreement governing the loan states that Mills cannot obtain additional unsecured credit without the approval of the bank. Mills believes that such a clause violates the Bank Holding Company Act's anti-tying clause. Does it?

  1. Yes. It is a restraint of trade.
  2. Yes, unless the bank will reasonably allow additional credit at Mills's request.
  3. No, since this clause relates to the soundness of the credit
  4. No, unless the bank refuses to grant additional credit to Mills itself

Answer(s): C



First National Bank owns a data processing company that sells financially related data processing services to various businesses in the community. Daniel Tyler, a loan officer, is negotiating a loan to a local CPA firm. He would like to make the loan conditional on the CPA firm's use of the subsidiary data processing firm.May he do so?

  1. Yes, because it is not a bank service.
  2. Yes, because it is not related to pricing.
  3. No. It is an illegal tie-in.
  4. No, unless the company was planning to obtain a new data processing service provider anyway.

Answer(s): C



First National Bancshares, Inc., a bank holding company, filed an application with its Federal Reserve Bank on March 1 to acquire a subsidiary bank. On March 15 the Federal Reserve Board asked First National for more information. On April 1 the Federal Reserve Bank received the completed application and accepted it. On April 5 the Federal Reserve Bank notified First National of the April 1 acceptance and referred the application to the Federal Reserve BoarD. Under the normal rules, by what date must the Federal Reserve Board act on the application?

  1. June 1
  2. April 30
  3. June 5
  4. July 1

Answer(s): A



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