A+
CRCM Self Study 2025/2026 Exam
Questions and Answers 100%
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ABC Bank does NOT operate a Web site or online service and has no presence on
the Internet. What are ABC Bank's obligations under the Children's Online Privacy
Protection Act? - 🧠ANSWER ✔✔a. It has no compliance obligations under the
Children's Online Protection Act.
If the bank is not an operator under the act (no web site) the law does not apply.
DEF Bank operates a general audience Web site with many pages describing its
product and services. As part of this Website, it has a Kid's Bank on one of the
pages for the purpose of opening accounts for children. Where must the link to the
bank's disclosure of information -sharing practices with regard to children be
displayed? - 🧠ANSWER ✔✔b. Only the kid's home page.
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COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
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State National Bank operates an informational Web site. The site has descriptions
of all the bank's accounts, including its children's savings account. The account is
simply listed along with all other accounts; the bank makes no attempt to market
the account to children on the Web site itself. The bank does not open accounts
online, but the Web site does have an online reply form that consumers can use to
request account-opening documents. The bank does not intend for children to send
in any information via its Web site. However, it is possible for a child to request
account opening documents through the reply form. What is State National
required to do to comply with COPPA? - 🧠ANSWER ✔✔c. Post a notice on the
reply form that the bank will not accepts requests from persons under 18 years of
age.
The bank is not targeting its site to children, so it does not have a responsibility to
notify parents and post the disclosures. The bank should, however, make sure it is
not collecting information from children through its reply form.
ACME Bank is reviewing its security program for safeguarding customer
information. All but one of the following functions should be included in its
2
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, A+
review. Which one need NOT be included? - 🧠ANSWER ✔✔d. The bank's printed
marketing and promotional materials.
State national Bank's security officer is preparing for the bank's annual information
security review. Which of the following steps is NOT required for this review? -
🧠ANSWER ✔✔d. A review of all outside windows to check for physical security.
Item d is not a requirement of safeguarding customer information. It is, however, a
security procedure related to the Bank Protection Act.
Which of the following actions is NOT a requirement of the bank's directors in
implementing an information security program? - 🧠ANSWER ✔✔c. Physically
audit the bank's online banking system.
This is not a requirement for the bank's board of directors.
Acme Bank does NOT disclose any nonpublic personal information about its
customers except to its computer processor, its attorneys for loan documentation,
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, A+
and to a national credit reporting agency. What privacy notices is Acme required to
give? - 🧠ANSWER ✔✔b. Initial and annual notices to customers.
These activities are all exceptions that do not require initial or opt-out notices.
ACME Bank has a joint marketing agreement with Friendly Company whereby
ACME and Friendly agree to jointly market certain financial products. ACME
would like to refer customers to Friendly by providing the Friendly brokerage offer
with names of ACME customer show might be interested in the financial products
Friendly offers. Friendly has signed an agreement with ACME promising to
disclose any information about ACME's customer to others. What type of
responsibility does ACME have to its customers under the Privacy Regulation? -
🧠ANSWER ✔✔c. ACME must give customers a notice that it provides
information to companies with which it has joint marketing agreements.
National Bank generally discloses information only to affiliated parties. However,
in the following circumstances it will disclose information to nonaffiliated
partners.
4
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
CRCM Self Study 2025/2026 Exam
Questions and Answers 100%
Guaranteed Success | Already Rated A+
ABC Bank does NOT operate a Web site or online service and has no presence on
the Internet. What are ABC Bank's obligations under the Children's Online Privacy
Protection Act? - 🧠ANSWER ✔✔a. It has no compliance obligations under the
Children's Online Protection Act.
If the bank is not an operator under the act (no web site) the law does not apply.
DEF Bank operates a general audience Web site with many pages describing its
product and services. As part of this Website, it has a Kid's Bank on one of the
pages for the purpose of opening accounts for children. Where must the link to the
bank's disclosure of information -sharing practices with regard to children be
displayed? - 🧠ANSWER ✔✔b. Only the kid's home page.
1
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, A+
State National Bank operates an informational Web site. The site has descriptions
of all the bank's accounts, including its children's savings account. The account is
simply listed along with all other accounts; the bank makes no attempt to market
the account to children on the Web site itself. The bank does not open accounts
online, but the Web site does have an online reply form that consumers can use to
request account-opening documents. The bank does not intend for children to send
in any information via its Web site. However, it is possible for a child to request
account opening documents through the reply form. What is State National
required to do to comply with COPPA? - 🧠ANSWER ✔✔c. Post a notice on the
reply form that the bank will not accepts requests from persons under 18 years of
age.
The bank is not targeting its site to children, so it does not have a responsibility to
notify parents and post the disclosures. The bank should, however, make sure it is
not collecting information from children through its reply form.
ACME Bank is reviewing its security program for safeguarding customer
information. All but one of the following functions should be included in its
2
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, A+
review. Which one need NOT be included? - 🧠ANSWER ✔✔d. The bank's printed
marketing and promotional materials.
State national Bank's security officer is preparing for the bank's annual information
security review. Which of the following steps is NOT required for this review? -
🧠ANSWER ✔✔d. A review of all outside windows to check for physical security.
Item d is not a requirement of safeguarding customer information. It is, however, a
security procedure related to the Bank Protection Act.
Which of the following actions is NOT a requirement of the bank's directors in
implementing an information security program? - 🧠ANSWER ✔✔c. Physically
audit the bank's online banking system.
This is not a requirement for the bank's board of directors.
Acme Bank does NOT disclose any nonpublic personal information about its
customers except to its computer processor, its attorneys for loan documentation,
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, A+
and to a national credit reporting agency. What privacy notices is Acme required to
give? - 🧠ANSWER ✔✔b. Initial and annual notices to customers.
These activities are all exceptions that do not require initial or opt-out notices.
ACME Bank has a joint marketing agreement with Friendly Company whereby
ACME and Friendly agree to jointly market certain financial products. ACME
would like to refer customers to Friendly by providing the Friendly brokerage offer
with names of ACME customer show might be interested in the financial products
Friendly offers. Friendly has signed an agreement with ACME promising to
disclose any information about ACME's customer to others. What type of
responsibility does ACME have to its customers under the Privacy Regulation? -
🧠ANSWER ✔✔c. ACME must give customers a notice that it provides
information to companies with which it has joint marketing agreements.
National Bank generally discloses information only to affiliated parties. However,
in the following circumstances it will disclose information to nonaffiliated
partners.
4
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
