The federal banking agencies have proposed an amendment to Regulation Z that would require a new early disclosure statement for loans secured by the borrower's principal dwelling. After reading the proposed change, what should the compliance professional do FIRST?
Answer(s): C
During a recent compliance examination, regulatory examiners found that the bank was not conducting flood hazard area determinations before closing on construction loans. The compliance professional has reviewed the files and agreed with the examiners' finding. What should be done FIRST?
Answer(s): A
Post your Comments and Discuss Banking CRCM exam with other Community members:
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
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