CMCP Chap 5 UPDATED ACTUAL
Questions and CORRECT Answers
Key Reminders for Accurate Reporting - CORRECT ANSWER - Legal compliance is
paramount
Ensure data completeness and consistency
Implement strict verification processes
Maintain data privacy and security
Conduct regular audits and quality review
Core Ethical Principles Of Credit Reporting - CORRECT ANSWER - Antitrust
Considerations
Anti-Defamation Requirements
Confidentiality Obligations
Antitrust Considerations - CORRECT ANSWER - Avoid conspiracy or restraint of trade
Anti-Defamation Requirements - CORRECT ANSWER - Factually accurate information
only
Confidentiality Obligations - CORRECT ANSWER - Protect information and source
identity
Legal Foundation - CORRECT ANSWER - Republic Act No. 9510 (Credit Information
System Act)
Investigation Reporting - CORRECT ANSWER - Mandatory investigative processes for
disputed credit information
Judgment Approach - CORRECT ANSWER - - Traditional 5C's evaluation
, Data-Driven Models - - CORRECT ANSWER - Statistical pattern analysis
Financial Theory Models - CORRECT ANSWER - - Mathematical/economic principles
Portfolio-Level Risk Models - CORRECT ANSWER - -Overall portfolio risk assessment
Credit Investigation Process - CORRECT ANSWER - Preliminary Assessment
Investigation and Data Gathering
Investigation of Existing Accounts
Verification of Information
Evaluation Using Analysis Models -
Personal Attributes Required Of Credit Investigator - CORRECT ANSWER - Moral
Character
Constructive
Consistency
Confidence
Interpersonal Competence
Professionalism
Good Memory
Diplomacy
Moral Character - CORRECT ANSWER - Honesty and integrity
Constructive - CORRECT ANSWER - Continuous improvement focus
Consistency: - CORRECT ANSWER - Fair treatment and thorough work
Questions and CORRECT Answers
Key Reminders for Accurate Reporting - CORRECT ANSWER - Legal compliance is
paramount
Ensure data completeness and consistency
Implement strict verification processes
Maintain data privacy and security
Conduct regular audits and quality review
Core Ethical Principles Of Credit Reporting - CORRECT ANSWER - Antitrust
Considerations
Anti-Defamation Requirements
Confidentiality Obligations
Antitrust Considerations - CORRECT ANSWER - Avoid conspiracy or restraint of trade
Anti-Defamation Requirements - CORRECT ANSWER - Factually accurate information
only
Confidentiality Obligations - CORRECT ANSWER - Protect information and source
identity
Legal Foundation - CORRECT ANSWER - Republic Act No. 9510 (Credit Information
System Act)
Investigation Reporting - CORRECT ANSWER - Mandatory investigative processes for
disputed credit information
Judgment Approach - CORRECT ANSWER - - Traditional 5C's evaluation
, Data-Driven Models - - CORRECT ANSWER - Statistical pattern analysis
Financial Theory Models - CORRECT ANSWER - - Mathematical/economic principles
Portfolio-Level Risk Models - CORRECT ANSWER - -Overall portfolio risk assessment
Credit Investigation Process - CORRECT ANSWER - Preliminary Assessment
Investigation and Data Gathering
Investigation of Existing Accounts
Verification of Information
Evaluation Using Analysis Models -
Personal Attributes Required Of Credit Investigator - CORRECT ANSWER - Moral
Character
Constructive
Consistency
Confidence
Interpersonal Competence
Professionalism
Good Memory
Diplomacy
Moral Character - CORRECT ANSWER - Honesty and integrity
Constructive - CORRECT ANSWER - Continuous improvement focus
Consistency: - CORRECT ANSWER - Fair treatment and thorough work
