ABA-Certified Regulatory Compliance Manager - CRCM Set 1

Short-form disclosures are required in advertisements and promotional materials unless the advertisements and promotional materials are of:

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?

Under content of disclosures long term disclosures may include the following, as applicable EXCLUDING:

Banks must establish and maintain effective risk management and control processes over its DCCs and DSAs, including:

The Equal Credit Opportunity Act (ECOA) was enacted in 1974 to prevent discrimination in credit transactions. In 1975 the act was amended. Which of the following prohibited base/s are now included in it?

Securities credit covers credit subject to Section 7 of the Securities Exchange Act of 1934 or credit by a broker or dealer subject to regulation under the act. The following requirements of Regulation B do not apply EXCEPT:

Government credit

An oral or written request for credit made in accordance with the creditor's procedures for the type of credit requested. Information entered into and retained by a computer system qualifies as a written application. It is called:

Definition of completed application

Requirements