CRCM 2025/2026 Exam Comprehensive
Questions and Verified Answers |
Accurate Solutions | Get it 100%
Correct!! | Already Graded A+
When developing a training plan for commercial lenders, which of the
following regulations is least important to include? - 🧠ANSWER ✔✔Truth in
Lending Act, CFPB Regulation Z
The federal banking agencies have proposed an amendment to Regulation
Z that would require a new early disclosure statement for loans secured by
the borrower's principal dwelling. After reading the proposed change, what
should the compliance professional do FIRST? - 🧠ANSWER ✔✔Prepare a
summary document that outlines the effects the proposed rule would have
on the bank's operations
During a recent compliance examination, regulators cited the bank for
violations of various marketing regulations. How should the compliance
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
1
,professional FIRST respond? - 🧠ANSWER ✔✔Review the marketing
materials and applicable regulations to verify the finding.
A compliance professional is a member of the task force studying how the
bank can reduce customer complaints about holding deposits. One
proposed solution involves purchasing an expensive system that will
reduce the number of holds placed by evaluating the customer's history
and relationship with the bank. Which of the following roles is MOST
important for the compliance professional on the task force? - 🧠ANSWER
✔✔Validating the system to ensure it complies with regulatory restrictions
A bank has a large mortgage department as well as a high HMDA error
rate. An expensive software program could automate the process, but the
business unit manager does not want to purchase the software because of
its expense. Though it is not as efficient, the manager prefers to make
some improvements to the manual process, add some more robust
monitoring procedures, and opt not to purchase the software. What should
the compliance professional do? - 🧠ANSWER ✔✔Document the fact that
the level of risk present with manual systems is acceptable to the mortgage
department business unit
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
2
,During a recent compliance examination, regulatory examiners found that
the bank was not conducting flood hazard area determinations before
closing on construction loans. The compliance professional has reviewed
the files and agreed with the examiners' finding. What should be done
FIRST? - 🧠ANSWER ✔✔Review the bank's flood policies and procedures
to determine where the compliance failure occurred
A bank's president would like to begin offering a new home equity line of
credit product within two weeks. In all cases the borrower's principal
dwelling will secure the loan. The president has already launched a
planned advertising campaign for the bank's major service markets. What
should the compliance professional do FIRST? - 🧠ANSWER ✔✔Perform a
risk assessment to determine the bank's level of risk in offering this new
product
Legislation was recently enacted to reform consumer real estate protection
laws, and the bank will now have to change the way it documents,
discloses, and advertises real estate loans, an integral product line at your
bank. What should the compliance professional do FIRST to implement the
new law within the bank? - 🧠ANSWER ✔✔Form a task force of the
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, business unit managers whose departments will be affected by the law to
collectively form an action plan
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 ____________. - 🧠ANSWER ✔✔notifying the customer
Your bank is considering closing a branch office. You should review which
of the following FIRST? - 🧠ANSWER ✔✔Bank's branch closing policy and
procedures
When reviewing for compliance under Regulation DD, which of the
following items must be included in an advertisement for a time deposit
account where a fixed interest rate is advertised? - 🧠ANSWER ✔✔The APY
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? - 🧠ANSWER ✔✔Vendors
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
4
Questions and Verified Answers |
Accurate Solutions | Get it 100%
Correct!! | Already Graded A+
When developing a training plan for commercial lenders, which of the
following regulations is least important to include? - 🧠ANSWER ✔✔Truth in
Lending Act, CFPB Regulation Z
The federal banking agencies have proposed an amendment to Regulation
Z that would require a new early disclosure statement for loans secured by
the borrower's principal dwelling. After reading the proposed change, what
should the compliance professional do FIRST? - 🧠ANSWER ✔✔Prepare a
summary document that outlines the effects the proposed rule would have
on the bank's operations
During a recent compliance examination, regulators cited the bank for
violations of various marketing regulations. How should the compliance
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
1
,professional FIRST respond? - 🧠ANSWER ✔✔Review the marketing
materials and applicable regulations to verify the finding.
A compliance professional is a member of the task force studying how the
bank can reduce customer complaints about holding deposits. One
proposed solution involves purchasing an expensive system that will
reduce the number of holds placed by evaluating the customer's history
and relationship with the bank. Which of the following roles is MOST
important for the compliance professional on the task force? - 🧠ANSWER
✔✔Validating the system to ensure it complies with regulatory restrictions
A bank has a large mortgage department as well as a high HMDA error
rate. An expensive software program could automate the process, but the
business unit manager does not want to purchase the software because of
its expense. Though it is not as efficient, the manager prefers to make
some improvements to the manual process, add some more robust
monitoring procedures, and opt not to purchase the software. What should
the compliance professional do? - 🧠ANSWER ✔✔Document the fact that
the level of risk present with manual systems is acceptable to the mortgage
department business unit
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
2
,During a recent compliance examination, regulatory examiners found that
the bank was not conducting flood hazard area determinations before
closing on construction loans. The compliance professional has reviewed
the files and agreed with the examiners' finding. What should be done
FIRST? - 🧠ANSWER ✔✔Review the bank's flood policies and procedures
to determine where the compliance failure occurred
A bank's president would like to begin offering a new home equity line of
credit product within two weeks. In all cases the borrower's principal
dwelling will secure the loan. The president has already launched a
planned advertising campaign for the bank's major service markets. What
should the compliance professional do FIRST? - 🧠ANSWER ✔✔Perform a
risk assessment to determine the bank's level of risk in offering this new
product
Legislation was recently enacted to reform consumer real estate protection
laws, and the bank will now have to change the way it documents,
discloses, and advertises real estate loans, an integral product line at your
bank. What should the compliance professional do FIRST to implement the
new law within the bank? - 🧠ANSWER ✔✔Form a task force of the
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, business unit managers whose departments will be affected by the law to
collectively form an action plan
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 ____________. - 🧠ANSWER ✔✔notifying the customer
Your bank is considering closing a branch office. You should review which
of the following FIRST? - 🧠ANSWER ✔✔Bank's branch closing policy and
procedures
When reviewing for compliance under Regulation DD, which of the
following items must be included in an advertisement for a time deposit
account where a fixed interest rate is advertised? - 🧠ANSWER ✔✔The APY
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? - 🧠ANSWER ✔✔Vendors
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
4
