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: Apr 28, 2026

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Question 1

The OCC recommends all but one of the following actions to help prevent a national bank’spurchasing or acquiring predatory or abusive loans. Which practice is NOT recommended?

A : Establish policies on the bank’s relationship with third-party brokers and originators

B : Review loan documentation

C : Audit the third-party broker

D : Require the broker to establish a reserve account for legal contingencies

Answer: D

Question 2

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?

A : The bank must have a written agreement with the broker

B : The bank must give a disclosure to the customer

C : The bank must reasonably believe that the customer is a high net worth or institutional customer

D : The employee must be registered with the bank’s regulatory agency

Answer: D

Question 3

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?

A : A SAR should be fileD.

B : The bank’s board of directors should discuss the account activity without the affected director being present.

C : The bank’s president should meet with the affected director to discuss the account activity.

D : The bank should file a CTR, checking the box that indicates the report is for suspicious activity.

Answer: A

Question 4

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?

A : Yes. It violates the anti-tying provisions.

B : Yes. It is a restraint of trade.

C : No, unless moving the accounts is a condition of the loan..

D : No. The bank may condition the loan on the customer placing a deposit in the bank.

Answer: D

Question 5

First National Bank would like to adopt a recordkeeping system that complies with the requirementsof Regulation O. Which of the following best describes the recordkeeping system required byRegulation O?

A : A system in which the bank annually surveys all executive officers of First National and its affiliatesto determine the insiders’ related interests

B : A system in which the bank asks all borrowers as loans are made whether the borrower is arelated interest of an insider

C : A system that surveys insiders of First National annually and requires each insider to disclose his orher related interests

D : A system that requires an annual survey of affiliate insiders

Answer: C

Page: 1 / 93

Total 465 Questions | Updated On: Apr 28, 2026

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