Free CRCM Exam braindumps download (CRCM exam dumps Free)

Is the renewal of a loan considered to be a new extension of credit for purposes of valuing the collateral under Regulation U?

Yes
Yes, if any additional amounts are added to the loan balance
Yes, if any amounts other than interest, service charges, or taxes are added to the loan balance
No, a renewal is never considered to be a new credit

Answer(s): C

Is the renewal of a loan considered to be a new extension of credit for purposes of valuing the collateral under Regulation U?

Yes
Yes, if any additional amounts are added to the loan balance
Yes, if any amounts other than interest, service charges, or taxes are added to the loan balance
No, a renewal is never considered to be a new credit

Answer(s): C

Which of the following credit arrangements would most likely be considered a purpose credit because it is indirectly secured by margin stock?

A loan made to purchase margin stock secured by nonmargin stock
A loan made to a company for various corporate purposes, including the purchase of margin stock, secured by the corporate assets, which from time to time include margin stock; on the date of the consummation of the transaction approximately 10 percent of the assets of the company are margin stock
A loan made to purchase margin stock, guaranteed by an individual who has pledged margin stock as security for the guarantee
Bank is the trustee for a qualified pension plan from which the participants may borrow and use their interest in the plan as security; a participant borrows money for the purpose of purchasing margin stock

Answer(s): C

Which of the following credit arrangements would most likely be considered a purpose credit because it is indirectly secured by margin stock?

A loan made to purchase margin stock secured by nonmargin stock
A loan made to a company for various corporate purposes, including the purchase of margin stock, secured by the corporate assets, which from time to time include margin stock; on the date of the consummation of the transaction approximately 10 percent of the assets of the company are margin stock
A loan made to purchase margin stock, guaranteed by an individual who has pledged margin stock as security for the guarantee
Bank is the trustee for a qualified pension plan from which the participants may borrow and use their interest in the plan as security; a participant borrows money for the purpose of purchasing margin stock

Answer(s): C

Which of the following credit arrangements would most likely be considered a purpose credit because it is indirectly secured by margin stock?

A loan made to purchase margin stock secured by nonmargin stock
A loan made to a company for various corporate purposes, including the purchase of margin stock, secured by the corporate assets, which from time to time include margin stock; on the date of the consummation of the transaction approximately 10 percent of the assets of the company are margin stock
A loan made to purchase margin stock, guaranteed by an individual who has pledged margin stock as security for the guarantee
Bank is the trustee for a qualified pension plan from which the participants may borrow and use their interest in the plan as security; a participant borrows money for the purpose of purchasing margin stock

Answer(s): C

Free CRCM Exam Braindumps CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) Questions 121–122 (page: 74)