sample CRCM exam Questions | Killexams.com Resourcesright here questions are consultant of the types of questions you'll find on the CRCM (licensed Regulatory Compliance manager) examination. 1. A borrower has a appropriate to rescind a loan settlement in all of the following cases except:a. A line of credit used for the borrower's company, secured by way of the borrower's fundamental dwellingb. A revolving line of credit score secured by using the borrower's simple living used to enhance the borrower's homec. an increase of a line of credit score from $5,000 to $10,000 secured by way of the borrower's simple dwellingd. A loan to repay a contract for a deed secured by way of the borrower's simple living 2. When opening a deposit account on-line, regulation E disclosures need to be offered at the time of account opening or:a. before the first EFT occurs b. together with the primary periodic statement c. within three company days of account opening d. inside three business days of a client's request for the EFT provider three. The simple responsibility for overseeing a bank’s inherent compliance chance should lie with which of right here?a. inside auditb. Consumersc. Board of Directorsd. Compliance officer 4. A branch supervisor finds an unexplained $7,000 money shortage in Teller #1's cash drawer. Which of here movements need to the bank take?a. File a foreign money Transaction report (CTR) with the IRSb. Discharge Teller #1 immediatelyc. send a observe of opposed motion to the financial institution's federal regulatord. File a Suspicious endeavor file (SAR) 5. A compliance expert these days found out the financial institution did not file and expose an accurate lined agreement, as required by means of the CRA Sunshine Act. as a way to be certain correct reporting in the future, what need to be supplied?a. All individual personal loan loans b. delivers or loans to meet CRA endeavor c. personal or private suggestions that could be supplied within the public file d. a replica of the settlement to the regulatory company 24 months after the end of the term answer Key1. a2. a3. c4. d5. b trying to prepare for the examination? ABA offers CRCM examination on-line Prep. View route |
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