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Banking CRCM Exam (page: 46)
Banking CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM)
Updated on: 15-Dec-2025

Viewing Page 46 of 276
CRCM PDF 463 Questions

is defined as every aspect of an applicant's dealing with a creditor, beginning with information gathering and continuing through to the servicing and collection of the loan.

  1. Credit terms
  2. Credit rating
  3. Credit transaction
  4. Credit application

Answer(s): C



is defined as every aspect of an applicant's dealing with a creditor, beginning with information gathering and continuing through to the servicing and collection of the loan.

  1. Credit terms
  2. Credit rating
  3. Credit transaction
  4. Credit application

Answer(s): C



In Processing and evaluating applications--12 CFR 202.6, protected income part is also under discussion. Which of the following considerations is NOT its part?

  1. Public assistance income may not consider whether an applicant's income is from a public assistance source
  2. Public assistance income may consider as it relates to another pertinent element of creditworthiness
  3. May consider length of time public assistance income will be received, whether the applicant will continue to qualify for the income, and whether the income can be garnished
  4. Can discount or refuse to consider the following:
    Part-time income
    Annuities
    Pensions
    Retirement benefits
    Alimony, child support, and separate maintenance payments to the extent they are likely to be consistently made

Answer(s): D



In Processing and evaluating applications--12 CFR 202.6, protected income part is also under discussion. Which of the following considerations is NOT its part?

  1. Public assistance income may not consider whether an applicant's income is from a public assistance source
  2. Public assistance income may consider as it relates to another pertinent element of creditworthiness
  3. May consider length of time public assistance income will be received, whether the applicant will continue to qualify for the income, and whether the income can be garnished
  4. Can discount or refuse to consider the following:
    Part-time income
    Annuities
    Pensions
    Retirement benefits
    Alimony, child support, and separate maintenance payments to the extent they are likely to be consistently made

Answer(s): D



In Processing and evaluating applications--12 CFR 202.6, protected income part is also under discussion. Which of the following considerations is NOT its part?

  1. Public assistance income may not consider whether an applicant's income is from a public assistance source
  2. Public assistance income may consider as it relates to another pertinent element of creditworthiness
  3. May consider length of time public assistance income will be received, whether the applicant will continue to qualify for the income, and whether the income can be garnished
  4. Can discount or refuse to consider the following:
    Part-time income
    Annuities
    Pensions
    Retirement benefits
    Alimony, child support, and separate maintenance payments to the extent they are likely to be consistently made

Answer(s): D



Viewing Page 46 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