A+
CRCM 2025/2026 Exam Questions and
Corresponding Answers with Surety of
100% Pass Mark
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 professional FIRST
respond? - 🧠ANSWER ✔✔Review the marketing materials and applicable
regulations to verify the finding.
1
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, A+
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
During a recent compliance examination, regulatory examiners found that the bank
was not conducting flood hazard area determinations before closing on
2
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, A+
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 business unit managers whose
departments will be affected by the law to collectively form an action plan
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, A+
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
A review of the bank's deposit accounts reveals that ABC Widget Manufacturing
Company, Inc. has recently opened a NOW account. Which of the following
actions is MOST appropriate for the bank to take? - 🧠ANSWER ✔✔Convert the
4
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
CRCM 2025/2026 Exam Questions and
Corresponding Answers with Surety of
100% Pass Mark
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 professional FIRST
respond? - 🧠ANSWER ✔✔Review the marketing materials and applicable
regulations to verify the finding.
1
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, A+
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
During a recent compliance examination, regulatory examiners found that the bank
was not conducting flood hazard area determinations before closing on
2
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, A+
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 business unit managers whose
departments will be affected by the law to collectively form an action plan
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, A+
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
A review of the bank's deposit accounts reveals that ABC Widget Manufacturing
Company, Inc. has recently opened a NOW account. Which of the following
actions is MOST appropriate for the bank to take? - 🧠ANSWER ✔✔Convert the
4
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
