CRCM 무료 덤프문제 온라인 액세스

Robin Martin made an individual application to the bank for a car loan. She has just returned to work on a regular basis because she was a full-time homemaker until recently, when her last child entered school. The loan officer would like to ask her about her husbanD. Under what circumstances can the officer ask Robin about her husband?

• A.The applicant resides in a community property state.
• B.The creditor believes the spouse's signature will make the applicant more creditworthy.
• C.The applicant's credit reports indicate that the spouse is a better credit risk.
• D.The applicant is married.

Milton Edwards leased an automobile from First National Bank. The lease contained a provision whereby Milton would be liable for the automobile at the end of the lease based on its fair market value. At the end of the lease, the bank notified Milton that the value of the automobile, based on industry publications, was $10,500 and required him to pay that amount to obtain ownership of the property. Milton objected and requested that the car be individually appraised.What must the bank do?

• A.Nothing; an estimate of the value based on industry standards is sufficient
• B.Use the average of the car value as determined by a third party appraiser Milton hires with the original bank appraisal
• C.Hire an independent appraiser to appraise the automobile (both parties agree to be bound by the appraisal)
• D.Allow Milton to hire an independent appraiser to appraise the automobile (both parties agree to be bound by the appraisal)

Several types of loan-related data appear in the following list. Which type of data is NOT required to be reported under HMDA?

• A.Data on unsecured home improvement loans
• B.Data on multifamily housing
• C.Data on refinancings of home purchase loans
• D.Data on loans to purchase residential lots

QUESTION NO: 403. First National Bank is a municipal securities dealer. Its municipal securities department is supervised by Mary Watkins, a municipal securities principal. The department has five other employees, including
two municipal securities representatives. Martin Wells, a commercial loan customer of the bank, tells Ms. Watkins he wants to invest in municipal securities and asks for her help. Mr. Wells has never dealt with the municipal securities department of the bank and has never purchased municipal securities. He wants to purchase the securities today. What should Ms. Watkins do?

• A.Determine what he would like to buy and help him buy it
• B.Help him make the purchase but avoid making any recommendations or comments about the advisability of the transaction
• C.Help him make the purchase only if she can be assured the transaction meets the MSRB suitability requirements
• D.Refer him to a municipal securities representative

To be effective, compliance risk management professionals must design a framework to ensure that bank management understands the risks and the steps that must be taken to mitigate them. The many roles compliance professionals fill incorporate risk management aspects including:

• A.Coordinating regulatory exams to explain risks to examiners
• B.Overseeing compliance training targeting higher risk areas
• C.All of these
• D.Tracking regulatory proposals and final rules to understand new risks