Free American Bankers Association CRCM Exam Questions
Absolute Free CRCM Exam Practice for Comprehensive Preparation
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American Bankers Association CRCM Exam Questions
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Provided By: American Bankers Association
- Exam: Certified Regulatory Compliance Manager
- Certification: Compliance and Risk Management
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Total Questions: 465
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Updated On: Nov 25, 2025
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Rated: 4.9 |
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Online Users: 930
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Question 1
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Which one of the following is out of the FIRREA penalties included in the enforcement section of
Adjusted Mortgage Regulation (12 CFR 34)?
Answer: A,C
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Which one of the following is out of the FIRREA penalties included in the enforcement section of
Adjusted Mortgage Regulation (12 CFR 34)?
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Question 2
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When conducting a records search pursuant to a FinCEN request, what must a bank search?
Answer: B
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When conducting a records search pursuant to a FinCEN request, what must a bank search?
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Question 3
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A bank has a large mortgage department as well as a high HMDA error rate. An expensive softwareprogram could automate the process, but the business unit manager does not want to purchase thesoftware because of its expense. Though it is not as efficient, the manager prefers to make someimprovements to the manual process, add some more robust monitoring procedures, and opt not topurchase the software. What should the compliance professional do?
Answer: C
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Question 4
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On foreclosure, which of the following loans is subject to the reporting requirements for foreclosed
and abandoned property?
Answer: C
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On foreclosure, which of the following loans is subject to the reporting requirements for foreclosed
and abandoned property?
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Question 5
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A compliance professional’s responsibilities include all of the following EXCEPT:
Answer: D
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A compliance professional’s responsibilities include all of the following EXCEPT: