Free American Bankers Association CRCM Exam Questions

Become American Bankers Association Certified with updated CRCM exam questions and correct answers

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Total 465 Questions | Updated On: Oct 29, 2025

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Question 1

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

A : Chairman of the board

B : President

C : Each vice-president and above (for example, senior vice-president, executive vicepresident, and so on)

D : Brokerage house’s vice president

Answer: D

Question 2

First National’s consumer leasing department placed an ad in the local paper that pictured a car with the caption, “Sign a lease with us and pay only $275 per month.” What other information must this ad have?

A : A statement that the transaction is not a loan

B : The total amount due at consummation or delivery, the number of payments required, and any required security deposit

C : The bank’s policy regarding the purchase of the property by the lessee

D : Disclosures regarding required insurance

Answer: B

Question 3

Which of the following is NOT a requirement of CRA?

A : To delineate the bank’s assessment area(s)

B : To collect loan data

C : To approve the bank’s CRA statement at an annual board meeting

D : To report small business loan data

Answer: C

Question 4

_____________requires that a statement of purpose be obtained from borrowers whose loans are to be greater than $100,000 and that will be secured by margin stock. Loans made for the purpose of purchasing margin stock are subject to additional limitations

A : Regulation U

B : Regulation V

C : . Regulation Z

D : Regulation X

Answer: A

Question 5

By presentation or transmission of an item a Reserve Bank warrants to a subsequent collecting bankand paying bank that:

A : The Reserve Bank has good title to the item

B : The item has not been altered

C : The item bears all endorsements applied by parties that have previously handled the item in paperor electronic form

D : All of these

Answer: D

Page: 1 / 93

Total 465 Questions | Updated On: Oct 29, 2025

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