ABA CRCM Certification Exam Questions with AI Explanations

QUESTION: 44

In Advertising-12 CFR 213.7, if a percentage rate is used in an advertisement, it cannot be more prominent than any other disclosure, EXCEPT:

For the warning regarding the limitation of the rate as a measurement of cost
For beginning at least 3 days before and ending at least 10 days after the broadcast
For required disclosures in advertisements
For an advertisement accessed in electronic form

Answer(s): A

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QUESTION: 45

Under Consumer Leasing Act Enforcement-15 USC 1667d section FIRREA penalties include:

Penalties up to $8,500 per day for violations of laws and regulations
Penalties up to $37,500 per day if violations or unsafe or unsound practices are engaged in recklessly or are part of a pattern of misconduct that causes more than a minimal loss to the bank or any pecuniary gain to the parties involved
Penalties up to $1,375,000 per day against persons who knowingly commit a violation and knowingly or recklessly cause a substantial loss to the bank or a substantial benefit to the party
Penalties up to $9,500 per day for violations of laws and regulations

Answer(s): A,B

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QUESTION: 45

Under Consumer Leasing Act Enforcement-15 USC 1667d section FIRREA penalties include:

Penalties up to $8,500 per day for violations of laws and regulations
Penalties up to $37,500 per day if violations or unsafe or unsound practices are engaged in recklessly or are part of a pattern of misconduct that causes more than a minimal loss to the bank or any pecuniary gain to the parties involved
Penalties up to $1,375,000 per day against persons who knowingly commit a violation and knowingly or recklessly cause a substantial loss to the bank or a substantial benefit to the party
Penalties up to $9,500 per day for violations of laws and regulations

Answer(s): A,B

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QUESTION: 45

Under Consumer Leasing Act Enforcement-15 USC 1667d section FIRREA penalties include:

Penalties up to $8,500 per day for violations of laws and regulations
Penalties up to $37,500 per day if violations or unsafe or unsound practices are engaged in recklessly or are part of a pattern of misconduct that causes more than a minimal loss to the bank or any pecuniary gain to the parties involved
Penalties up to $1,375,000 per day against persons who knowingly commit a violation and knowingly or recklessly cause a substantial loss to the bank or a substantial benefit to the party
Penalties up to $9,500 per day for violations of laws and regulations

Answer(s): A,B

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____________ requires that a statement of purpose be obtained from borrowers whose loans are to be greater than $100,000 and that will be secured by margin stock. Loans made for the purpose of purchasing margin stock are subject to additional limitations

Regulation U
Regulation V
Regulation Z
Regulation X

Answer(s): A

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

Free ABA CRCM Real Questions (page: 27)

QUESTION: 44

QUESTION: 45

QUESTION: 45

QUESTION: 45

QUESTION: 46