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Banking CRCM Exam (page: 12)
Banking CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM)
Updated on: 01-Aug-2025

Viewing Page 12 of 276
CRCM PDF 463 Questions

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

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

Answer(s): C



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

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

Answer(s): A,C,D



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

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

Answer(s): A,C,D



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

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

Answer(s): A,C,D



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.

  1. Loan flipping
  2. Loan refinancing
  3. Securitization
  4. Subprime loans

Answer(s): A



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LeAnne Hair 8/24/2023 12:47:00 PM

#229 in incorrect - all the customers require an annual review
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