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: May 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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Which of the following is NOT a requirement of CRA?
Answer: C
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Which of the following is NOT a requirement of CRA?
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Question 2
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Your institution has identified a transaction by an existing depositor that should be blocked underOFAC requirements. The branch manager contacts you for specific instructions. Before reporting thetransaction to OFAC, what should the bank do?
Answer: D
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Question 3
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This is a loan term or an arrangement that modifies a loan term under which a bank agrees to
suspend all or part of a customer’s loan obligation on the occurrence of a specified event. It May be a
part of the loan itself or a separate agreement.Does not include a loan payment deferral
arrangement where the borrower or the bank can unilaterally defer a payment.What is it?
Answer: A
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This is a loan term or an arrangement that modifies a loan term under which a bank agrees to
suspend all or part of a customer’s loan obligation on the occurrence of a specified event. It May be a
part of the loan itself or a separate agreement.Does not include a loan payment deferral
arrangement where the borrower or the bank can unilaterally defer a payment.What is it?
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Question 4
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Which of the following banks CANNOT select Montana as its home state for deposit production
purposes?
Answer: C
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Which of the following banks CANNOT select Montana as its home state for deposit production
purposes?
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Question 5
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Electronic funds transfers’ requirements say that transfers that vary in amount must be
communicated to the designated payee within _______________before the scheduled transfer or
may give the consumer the option of receiving notice only when a transfer falls outside a specified
range of amounts.
Answer: A
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Electronic funds transfers’ requirements say that transfers that vary in amount must be
communicated to the designated payee within _______________before the scheduled transfer or
may give the consumer the option of receiving notice only when a transfer falls outside a specified
range of amounts.