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Banking CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) CRCM Exam Questions in PDF

Free Banking CRCM Dumps Questions (page: 55)

CRCM PDF — 463 Questions

During a recent compliance examination, regulatory examiners found that the bank was not conducting flood hazard area determinations before closing on construction loans. The compliance professional has reviewed the files and agreed with the examiners' finding. What should be done FIRST?

  1. Review the bank's flood policies and procedures to determine where the compliance failure occurred
  2. Conduct a risk assessment of the flood determination requirement on construction loans
  3. Prepare an analysis for bank management explaining the requirement
  4. Review all construction loan files to determine the extent of the problem

Answer(s): A



During a recent compliance examination, regulatory examiners found that the bank was not conducting flood hazard area determinations before closing on construction loans. The compliance professional has reviewed the files and agreed with the examiners' finding. What should be done FIRST?

  1. Review the bank's flood policies and procedures to determine where the compliance failure occurred
  2. Conduct a risk assessment of the flood determination requirement on construction loans
  3. Prepare an analysis for bank management explaining the requirement
  4. Review all construction loan files to determine the extent of the problem

Answer(s): A



During a recent compliance examination, regulators cited the bank for violations of various marketing regulations. How should the compliance professional FIRST respond?

  1. Contact the bank's marketing manager to discuss the finding
  2. Develop a policy requiring that all marketing materials be reviewed and approved by compliance before being published
  3. Set up a training class for the marketing department
  4. Review the marketing materials and applicable regulations to verify the finding.

Answer(s): D



During a recent compliance examination, regulators cited the bank for violations of various marketing regulations. How should the compliance professional FIRST respond?

  1. Contact the bank's marketing manager to discuss the finding
  2. Develop a policy requiring that all marketing materials be reviewed and approved by compliance before being published
  3. Set up a training class for the marketing department
  4. Review the marketing materials and applicable regulations to verify the finding.

Answer(s): D



During a recent compliance examination, regulators cited the bank for violations of various marketing regulations. How should the compliance professional FIRST respond?

  1. Contact the bank's marketing manager to discuss the finding
  2. Develop a policy requiring that all marketing materials be reviewed and approved by compliance before being published
  3. Set up a training class for the marketing department
  4. Review the marketing materials and applicable regulations to verify the finding.

Answer(s): D



Viewing page 55 of 276

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

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

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