CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) Exam Questions PDF download

QUESTION: 19

The purpose of guidelines for National Banks to Guard against Predatory and Abusive Lending Practices- AL-2003-2 includes all of the following EXCEPT:

Provide examples to national banks of practices that may be abusive
Advise banks on how they should avoid abusive practices
Banks should consider appropriate discount rates, credit loss rates, and prepayment rates when valuing these assets
Show how some abusive lending can involve unfair or deceptive practices and therefore violate the Federal Trade Commission Act

Answer(s): C

Reveal Solution Next Question

QUESTION: 20

Which of the following usually comes under the heading of abusive lending?

Abusive lending usually is defined by a variety of lending practices
It is the excessive and hidden fees in the amount financed
A fundamental characteristic is aggressive marketing of credit to prospective borrowers who cannot repay it on the terms offered
Typically, such loans are underwritten on the liquidation value of the collateral rather than the creditworthiness of the borrower

Answer(s): A,C,D

Reveal Solution Next Question

QUESTION: 20

Which of the following usually comes under the heading of abusive lending?

Abusive lending usually is defined by a variety of lending practices
It is the excessive and hidden fees in the amount financed
A fundamental characteristic is aggressive marketing of credit to prospective borrowers who cannot repay it on the terms offered
Typically, such loans are underwritten on the liquidation value of the collateral rather than the creditworthiness of the borrower

Answer(s): A,C,D

Reveal Solution Next Question

QUESTION: 20

Which of the following usually comes under the heading of abusive lending?

Abusive lending usually is defined by a variety of lending practices
It is the excessive and hidden fees in the amount financed
A fundamental characteristic is aggressive marketing of credit to prospective borrowers who cannot repay it on the terms offered
Typically, such loans are underwritten on the liquidation value of the collateral rather than the creditworthiness of the borrower

Answer(s): A,C,D

Reveal Solution Next Question

is frequent refinancing that do not benefit the borrower. This practice can result in borrower injury from the fees imposed and from the fact that it decreases home equity and increases the consumer's debt burden, thus increasing the chance of foreclosure.

Loan flipping
Loan refinancing
Securitization
Subprime loans

Answer(s): A

Reveal Solution Next Question

ABA CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) CRCM Dumps in PDF

Free ABA CRCM Real Questions (page: 12)

QUESTION: 19

QUESTION: 20

QUESTION: 20

QUESTION: 20

QUESTION: 21