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Banking CRCM Exam (page: 39)
Banking CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM)
Updated on: 12-Aug-2025

Viewing Page 39 of 276
CRCM PDF 463 Questions

Debt Cancellation Contracts and Debt Suspension Agreements coverage includes:

  1. National banks that issue debt cancellation contracts and debt suspension agreements with borrowers in connection with loans for personal, family, or household purposes
  2. A national bank may not engage in any practice, including advertising, which would cause a reasonable person to be misled with respect to DSAs and DCCs
  3. A bank must provide the long-form disclosures in writing before the customer completes the purchase of a contract. If the solicitation occurs in person, the long-form disclosures must be provided at that time
  4. A bank must make the short-form disclosures orally at the time the bank first solicits the contract

Answer(s): A



This is a loan term or an arrangement that modifies a loan term under which a bank agrees to cancel all or part of a customer's loan obligation on the occurrence of a specified event. It may be included as a part of the loan documents, or it may be a separate agreement. What is it?

  1. Debt suspension agreement (DSA)
  2. Anti-dying
  3. Debt cancellation contract (DCC)
  4. ALLL

Answer(s): C



This is a loan term or an arrangement that modifies a loan term under which a bank agrees to cancel all or part of a customer's loan obligation on the occurrence of a specified event. It may be included as a part of the loan documents, or it may be a separate agreement. What is it?

  1. Debt suspension agreement (DSA)
  2. Anti-dying
  3. Debt cancellation contract (DCC)
  4. ALLL

Answer(s): C



This is a loan term or an arrangement that modifies a loan term under which a bank agrees to cancel all or part of a customer's loan obligation on the occurrence of a specified event. It may be included as a part of the loan documents, or it may be a separate agreement. What is it?

  1. Debt suspension agreement (DSA)
  2. Anti-dying
  3. Debt cancellation contract (DCC)
  4. ALLL

Answer(s): C



Short-form disclosures are required in advertisements and promotional materials unless the advertisements and promotional materials are of:

  1. A general nature describing or listing the products or services offered by the bank
  2. A specific nature describing or listing the products or services offered by the bank
  3. A general nature describing or special services offered by the bank
  4. A general nature describing competitive advantage of the bank

Answer(s): A



Viewing Page 39 of 276



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

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