Most Recent American Bankers Association CRCM Exam Dumps

Prepare for the American Bankers Association Certified Regulatory Compliance Manager exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the American Bankers Association CRCM exam and achieve success.

The questions for CRCM were last updated on Mar 30, 2025.

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Question No. 1

There is no error in an error in EFT when there is situation as:

AThe reversal of a direct deposit made in error is not considered an unauthorized EFT if the deposit was made to the wrong customer's account, a duplicate was made to the customer's account, or a credit was made in the wrong amount

BA request for duplicate copies of statements

CThe failure to receive a receipt from an electronic terminal when the transaction amount is $25 or more

DA returning request for information for tax or recordkeeping purposes

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Correct Answer: A, B

Question No. 2

Of the following loans made by a national bank, which loan is NOT covered by the OCC ARM regulation?

AA loan to purchase a single-family dwelling to be used as a residence, secured by the dwelling with an adjustable interest rate

BA loan made to purchase a mobile home to be used as rental property, secured by the home with a variable interest rate

CA loan made to purchase an eight-unit apartment complex, secured by the building, made payable on demand with a variable rate of interest

DA loan made to purchase a duplex, secured by the dwelling, amortized over 15 years with a 5-year maturity, at a variable rate of interest

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Correct Answer: C

Question No. 3

Which of the following actions is NOT required of a municipal securities principal?

APass the Municipal Securities Principal Qualification Examination

BComplete Form MSD-4 and submit it to the bank

CWork as an apprentice for one year in a municipal securities operation

DWork in a supervisory role in a municipal securities operation

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Correct Answer: C

Question No. 4

QRS State Bank is being examined under the lending test. Which of the following is the most relevant criteria for the lending test?

AThe distribution of the bank's small business loans

BThe racial and gender characteristics of QRS's lending staff

CThe location of QRS's branches

DThe services QRS offers to its community

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Correct Answer: A

Question No. 5

Unless excluded by a board resolution or the bylaws, the following officers will be considered to be executive officers EXCEPT:

AChairman of the board

BPresident

CEach vice-president and above (for example, senior vice-president, executive vicepresident,
and so on)

DBrokerage house's vice president

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Correct Answer: D

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