A+
CRCM Final Test 2025/2026 Exam
Questions and Answers | A+ Score
Assured
Completing the annual report of indebtedness to correspondent banks.
Reg O: - 🧠ANSWER ✔✔Instructions to executive officers regarding their
reporting obligations under Regulation O should NOT include ____________.
The account will be credited promptly.
Reg E: - 🧠ANSWER ✔✔A customer who has preauthorized transfers made on the
15th of each month to the utility company, sent written notification to the bank on
the 5th of the current month that he wanted to discontinue the automatic transfers.
The bank received the customer's notification on the 7th. On the 20th of the month,
1
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, A+
the customer telephoned to state that his account balance indicated that payment
was NOT stopped. The bank should advise the customer that ____________.
Currency Transaction Reports CRTs
AML not BSA - 🧠ANSWER ✔✔When reviewing exemptions for continued
eligibility under the Bank Secrecy Act, a review of which of the following is
LEAST helpful?
1099A
IRS Regs - 🧠ANSWER ✔✔When conducting an audit of IRS tax compliance
procedures, you should select a sample of which of the following forms?
Handicap accessibility to property secured by a first mortgage loan made by the
bank.
2
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, A+
Fair Housing Act: - 🧠ANSWER ✔✔In monitoring a bank's compliance with the
federal Fair Housing Act, it is LEAST relevant to review ____________.
Encourage banks to help meet the credit needs of their local community.
CRA - 🧠ANSWER ✔✔One purpose of CRA Regulations is to ____________.
update the employee manual
not develop a new policy or revise internal monitoring schedules in this area.
Compliance Management - 🧠ANSWER ✔✔A recent regulatory change increased
the amount of FDIC insurance coverage for individual depositors. The compliance
manager should FIRST _____________.
Loans to small farms
CRA rules - 🧠ANSWER ✔✔Under CRA rules, banks other than small banks must
report which of the following types of loans?
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, A+
Have a loan-to-deposit ratio in each state that equals or exceeds 50% of the loan-
to-deposit ratio of each host state.
Riegle-Neal - 🧠ANSWER ✔✔National Bank is headquartered in Colorado and has
branches in Nebraska and Wyoming that it acquired two years ago. Each year the
federal regulatory agencies publish the host state loan-to-deposit ratios for each
state, which are used to determine if banks with interstate branches are in
compliance with the Riegle-Neal Interstate Banking and Branching Efficiency Act
of 1994. To comply with the Act, the National Bank must:
ID the consumer protection regulatory provisions on liability and error resolution.
Compliance Management - 🧠ANSWER ✔✔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
4
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
CRCM Final Test 2025/2026 Exam
Questions and Answers | A+ Score
Assured
Completing the annual report of indebtedness to correspondent banks.
Reg O: - 🧠ANSWER ✔✔Instructions to executive officers regarding their
reporting obligations under Regulation O should NOT include ____________.
The account will be credited promptly.
Reg E: - 🧠ANSWER ✔✔A customer who has preauthorized transfers made on the
15th of each month to the utility company, sent written notification to the bank on
the 5th of the current month that he wanted to discontinue the automatic transfers.
The bank received the customer's notification on the 7th. On the 20th of the month,
1
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, A+
the customer telephoned to state that his account balance indicated that payment
was NOT stopped. The bank should advise the customer that ____________.
Currency Transaction Reports CRTs
AML not BSA - 🧠ANSWER ✔✔When reviewing exemptions for continued
eligibility under the Bank Secrecy Act, a review of which of the following is
LEAST helpful?
1099A
IRS Regs - 🧠ANSWER ✔✔When conducting an audit of IRS tax compliance
procedures, you should select a sample of which of the following forms?
Handicap accessibility to property secured by a first mortgage loan made by the
bank.
2
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, A+
Fair Housing Act: - 🧠ANSWER ✔✔In monitoring a bank's compliance with the
federal Fair Housing Act, it is LEAST relevant to review ____________.
Encourage banks to help meet the credit needs of their local community.
CRA - 🧠ANSWER ✔✔One purpose of CRA Regulations is to ____________.
update the employee manual
not develop a new policy or revise internal monitoring schedules in this area.
Compliance Management - 🧠ANSWER ✔✔A recent regulatory change increased
the amount of FDIC insurance coverage for individual depositors. The compliance
manager should FIRST _____________.
Loans to small farms
CRA rules - 🧠ANSWER ✔✔Under CRA rules, banks other than small banks must
report which of the following types of loans?
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, A+
Have a loan-to-deposit ratio in each state that equals or exceeds 50% of the loan-
to-deposit ratio of each host state.
Riegle-Neal - 🧠ANSWER ✔✔National Bank is headquartered in Colorado and has
branches in Nebraska and Wyoming that it acquired two years ago. Each year the
federal regulatory agencies publish the host state loan-to-deposit ratios for each
state, which are used to determine if banks with interstate branches are in
compliance with the Riegle-Neal Interstate Banking and Branching Efficiency Act
of 1994. To comply with the Act, the National Bank must:
ID the consumer protection regulatory provisions on liability and error resolution.
Compliance Management - 🧠ANSWER ✔✔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
4
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
