Free American Bankers Association CRCM Exam Dumps and CRCM Exam Questions

Question No: 1

MultipleChoice

Under Regulation M, what is a ''consumer lease''?

Options

AAny lease of $25,000

BA consumer lease for $25,000 or less with an option to own the property after the lease expires

CA consumer lease for $25,000 or less for the use of personal property

DAny consumer or agricultural lease for $25,000 or less

Question No: 2

MultipleChoice

Regulation B defines ''elderly'' as having attained an age of how many years?

Options

A55

B59

C62

D70

Question No: 3

MultipleChoice

Electronic funds transfers' requirements say that transfers that vary in amount must be communicated to the designated payee within _______________before the scheduled transfer or may give the consumer the option of receiving notice only when a transfer falls outside a specified range of amounts.

Options

A10 days

B20 days

C30 days

D15 days

Question No: 4

MultipleChoice

What is the definition of a ''small'' business under CRA rules?

Options

AEmploys fewer than 50 people

BHas assets of less than $5 million

CProduces gross annual revenues of $1 million or less

DDoes not generally have access to regional or national credit markets

Question No: 5

MultipleChoice

Which of the following must a ''large'' bank maintain as part of its CRA program?

Options

AListing of director, officer, and employee community involvement, and a listing of loans made to low- and moderate-income individuals

BDescription of its assessment area, written comments and responses, and the public portion of the regulator's most recent CRA performance evaluation

CCopy of the bank's CRA Notice and the bank's most recent five years of CRA disclosure statements

DA comprehensive record of all CRA-related training completed by employees during the past two years 696 AMERICAN BANKERS ASSOCIATION

Question No: 6

MultipleChoice

For HMDA purposes, the term ''dwelling'' does NOT include which of the following?

Options

ATimeshares

BSingle family dwellings

CIndividual condominiums

DMobile homes not attached to real property