Free American Bankers Association CRCM Exam Actual Questions

The questions for CRCM were last updated On Jan 16, 2025

Question No. 1

The Reserve Bank may recover from the sender the attorneys' fees if an action is brought against a Reserve Bank on the basis of:

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Correct Answer: D

Question No. 2

Which of the following entities is exempt from the requirements of the Government Securities Act?

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Correct Answer: B

Question No. 3

Banks must maintain an ____________adequate to absorb estimated credit losses from payday loans. Banks should evaluate the collectability of accrued fees and finance charges on payday loans and ensure that this income is appropriately measured.

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Correct Answer: C

Question No. 4

What information must be on the loan application registers for home loans on property located within the bank's metropolitan area?

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Correct Answer: A

Question No. 5

By what date must the bank send the borrower a statement in connection with an information return on foreclosed or abandoned property?

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Correct Answer: B