Free CRCM Exam Braindumps (page: 84)

Page 83 of 344

First National's consumer leasing department placed an ad in the local paper that pictured a car with the caption, "Sign a lease with us and pay only $275 per month." What other information must this ad have?

  1. A statement that the transaction is not a loan
  2. The total amount due at consummation or delivery, the number of payments required, and any required security deposit
  3. The bank's policy regarding the purchase of the property by the lessee
  4. Disclosures regarding required insurance

Answer(s): B



Records regarding compliance with Regulation M must be kept for how long?

  1. Five years following consummation of the lease
  2. Two years after the disclosures are made
  3. Twenty-five months from consummation
  4. One year from the time the disclosures are made

Answer(s): B



Records regarding compliance with Regulation M must be kept for how long?

  1. Five years following consummation of the lease
  2. Two years after the disclosures are made
  3. Twenty-five months from consummation
  4. One year from the time the disclosures are made

Answer(s): B



Records regarding compliance with Regulation M must be kept for how long?

  1. Five years following consummation of the lease
  2. Two years after the disclosures are made
  3. Twenty-five months from consummation
  4. One year from the time the disclosures are made

Answer(s): B






Post your Comments and Discuss Banking CRCM exam with other Community members:

CRCM Discussions & Posts