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: Sep 23, 2026
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Rated: 4.9 |
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Online Users: 930
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Question 1
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Below mentioned is the necessary information that should be included in the___________. Risk of
payment shock—potential payment increases; how the new payment will be calculated when the
introductory rate expires Ramifications of prepayment penalties—how they will be calculated, when
they will be imposed Ramifications of balloon payments Ramifications of the lack of escrowing for
taxes and insurance—who is responsible for paying taxes and insurance and the fact that their costs
may be substantial Cost of reduced documentation loans—whether there is a pricing premium
required
Answer: A
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Below mentioned is the necessary information that should be included in the___________. Risk of
payment shock—potential payment increases; how the new payment will be calculated when the
introductory rate expires Ramifications of prepayment penalties—how they will be calculated, when
they will be imposed Ramifications of balloon payments Ramifications of the lack of escrowing for
taxes and insurance—who is responsible for paying taxes and insurance and the fact that their costs
may be substantial Cost of reduced documentation loans—whether there is a pricing premium
required
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Question 2
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Martha Smith of First National Bank is attempting to close a large commercial loan to a
manufacturing equipment company. In negotiating the interest rate on the loan Martha states that if
the company will move some of its demand accounts to the bank, it could get a lower interest rate. Is
this wrong?
Answer: D
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Martha Smith of First National Bank is attempting to close a large commercial loan to a
manufacturing equipment company. In negotiating the interest rate on the loan Martha states that if
the company will move some of its demand accounts to the bank, it could get a lower interest rate. Is
this wrong?
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Question 3
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Which of the following is NOT a requirement when a bank pays an employee a fee for referring ahigh-net-worth or institutional customer to a broker?
Answer: D
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Question 4
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A routine review of account records reveals that suspicious activity involving foreign currency hasoccurred in the account of one of the bank’s directors. Which of the following actions should betaken FIRST?
Answer: A
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Question 5
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Which of the following is the best method for a large bank to use in monitoring its CRA performance?
Answer: D
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