CRCM Sample Exam 2026/2027 | Practice Questions, Answers &
Certification Study Guide
When reviewing exemptions for continued eligibility under the Bank Secrecy Act, a review of which of
the following is LEAST helpful? - Correct answer✅✅ Currency Transaction Reports (CTRs)
A number of bank customers are members of the Army Reserve and have been called to active duty for
six months. Your bank's president wishes to issue a press release stating that the bank will suspend all
loan payment requirements while loan holders are on duty, extend the maturity date of each loan, and
permit interest to accrue at only 10% while the loan holders are on active duty. You are asked to review
the press release. Which of the following statements represents the advice you should give the
president? - Correct answer✅✅ Upon request, the bank must reduce the interest rate on the loans to
6% effective on the date that the service members are called to report for active duty, and remain at 6%
until they are released from orders.
The bank is beginning e-banking and wants to deliver a full range of consumer electronic services. The
compliance manager is a member of the project team. Which of the following functions is MOST
appropriate for the compliance manager during the INITIAL stages of this project? - Correct
answer✅✅ Identifying the consumer protection regulatory provisions on liability and error resolution.
Under the Interagency Statement on Retail Sales of Nondeposit Investment Products, the required
disclosures can be provided to the bank's customer in all of the following ways EXCEPT: - Correct
answer✅✅ in writing by a teller when referring a customer to the investment sales area
You are developing bank procedures for determining when to escalate issues or problems identified as a
result of repeat SAR filings on the same account. These procedures should include all of the following
criteria EXCEPT: - Correct answer✅✅ notifying the customer
Which of the following is considered a non-listed business that is eligible for exemption from CTR
reporting requirements? - Correct answer✅✅ Licensed pari-mutual race track
By policy, a bank does not collect income information on employee loan applications. When completing
the HMDA LAR's income field, the bank must record the ____________. - Correct answer✅✅ code for
"not applicable"
, Your examiner tells you that your bank is straining its resources by not exempting any of its commercial
account holders from CTR filing. The examiner notes that many of these customers are publicly traded
and could be exempted. Which of the following actions is in the bank's BEST interest? - Correct
answer✅✅ Determine whether granting exemptions is a manageable risk for the bank.
In your fair lending self-monitoring program, you found a prohibited basis that would result in a
regulatory violation was factored into the credit score. You should instruct management to FIRST
____________. - Correct answer✅✅ suspend the use of the credit scoring system until it can be
corrected
The examiners criticized your bank at the last examination for failing to conduct a BSA/AML risk
assessment of its operations. You have been asked to complete the assessment. Which of the following
categories is NOT suggested by the FFIEC Examination Manual for your risk assessment? - Correct
answer✅✅ Vendors
Which of the following represents the required method for proving a consumer with the insurance
consumer protection disclosures in connection with a loan transaction? - Correct answer✅✅ At the
time of loan application
The bank has decided to begin offering a full range of non-deposit investment products to retail
customers. Your FIRST step should be to ____________. - Correct answer✅✅ review the Interagency
Statement on the Retail Sale of Nondeposit Investment Products
Your bank is considering a candidate for a vacant director position. The GREATEST potential regulatory
risk, if the individual is appointed, is his or her ____________. - Correct answer✅✅ current
indebtedness to your institution
During a review of your bank's customer identification procedures, you are likely to find regulatory
deficiencies if the bank does NOT ____________. - Correct answer✅✅ require verification of the
identify of each customer
In monitoring a bank's compliance with the federal Fair Housing Act, it is LEAST relevant to review
____________. - Correct answer✅✅ handicap accessibility to property secured by a first mortgage
loan made by the bank
Certification Study Guide
When reviewing exemptions for continued eligibility under the Bank Secrecy Act, a review of which of
the following is LEAST helpful? - Correct answer✅✅ Currency Transaction Reports (CTRs)
A number of bank customers are members of the Army Reserve and have been called to active duty for
six months. Your bank's president wishes to issue a press release stating that the bank will suspend all
loan payment requirements while loan holders are on duty, extend the maturity date of each loan, and
permit interest to accrue at only 10% while the loan holders are on active duty. You are asked to review
the press release. Which of the following statements represents the advice you should give the
president? - Correct answer✅✅ Upon request, the bank must reduce the interest rate on the loans to
6% effective on the date that the service members are called to report for active duty, and remain at 6%
until they are released from orders.
The bank is beginning e-banking and wants to deliver a full range of consumer electronic services. The
compliance manager is a member of the project team. Which of the following functions is MOST
appropriate for the compliance manager during the INITIAL stages of this project? - Correct
answer✅✅ Identifying the consumer protection regulatory provisions on liability and error resolution.
Under the Interagency Statement on Retail Sales of Nondeposit Investment Products, the required
disclosures can be provided to the bank's customer in all of the following ways EXCEPT: - Correct
answer✅✅ in writing by a teller when referring a customer to the investment sales area
You are developing bank procedures for determining when to escalate issues or problems identified as a
result of repeat SAR filings on the same account. These procedures should include all of the following
criteria EXCEPT: - Correct answer✅✅ notifying the customer
Which of the following is considered a non-listed business that is eligible for exemption from CTR
reporting requirements? - Correct answer✅✅ Licensed pari-mutual race track
By policy, a bank does not collect income information on employee loan applications. When completing
the HMDA LAR's income field, the bank must record the ____________. - Correct answer✅✅ code for
"not applicable"
, Your examiner tells you that your bank is straining its resources by not exempting any of its commercial
account holders from CTR filing. The examiner notes that many of these customers are publicly traded
and could be exempted. Which of the following actions is in the bank's BEST interest? - Correct
answer✅✅ Determine whether granting exemptions is a manageable risk for the bank.
In your fair lending self-monitoring program, you found a prohibited basis that would result in a
regulatory violation was factored into the credit score. You should instruct management to FIRST
____________. - Correct answer✅✅ suspend the use of the credit scoring system until it can be
corrected
The examiners criticized your bank at the last examination for failing to conduct a BSA/AML risk
assessment of its operations. You have been asked to complete the assessment. Which of the following
categories is NOT suggested by the FFIEC Examination Manual for your risk assessment? - Correct
answer✅✅ Vendors
Which of the following represents the required method for proving a consumer with the insurance
consumer protection disclosures in connection with a loan transaction? - Correct answer✅✅ At the
time of loan application
The bank has decided to begin offering a full range of non-deposit investment products to retail
customers. Your FIRST step should be to ____________. - Correct answer✅✅ review the Interagency
Statement on the Retail Sale of Nondeposit Investment Products
Your bank is considering a candidate for a vacant director position. The GREATEST potential regulatory
risk, if the individual is appointed, is his or her ____________. - Correct answer✅✅ current
indebtedness to your institution
During a review of your bank's customer identification procedures, you are likely to find regulatory
deficiencies if the bank does NOT ____________. - Correct answer✅✅ require verification of the
identify of each customer
In monitoring a bank's compliance with the federal Fair Housing Act, it is LEAST relevant to review
____________. - Correct answer✅✅ handicap accessibility to property secured by a first mortgage
loan made by the bank
