CRA COMPLIANCE EXAM TEST WITH ALL CORRECT &
100% VERIFIED ANSWERS|LATEST UPDATE|ALREADY
GRADED A+
The investment test looks at the ______________ of qualified investments. ✔Correct Answer-A
number and dollar amount B.track record of the underwriters C.securitization of loans
A
When someone requests copies of the information in the CRA public file, you can charge them but
no more than: ✔Correct Answer-A.The cost of duplication and mailing B.Ten dollars C.Five dollars
A
The federal banking agencies publish a list of institutions scheduled for CRA examinations each
calendar quarter, _________________ before the examination. ✔Correct Answer-A.30 days B.25
days C.20 days
A
If an institution fails to comply with CRA requirements, it risks having regulators: ✔Correct Answer-
A.Install federal employees to oversee its operations B.Deny its applications for mergers and
acquisitions C.Close it down
B
As an employee, you should be familiar with, among other things: ✔Correct Answer-A.Everything
having to do with CRA compliance B.Low- to moderate-income consumers C.Your institution's CRA
performance rating
C
A financial institution that chooses to be evaluated under the Optional Strategic Plan must have a
plan that, among other things: ✔Correct Answer-A. Describes its ongoing efforts to monitor
cybersecurity B.Is approved by a state agency that oversees banking C.Reflects public input
C
If an institution fails to comply with CRA requirements, it risks having regulators: ✔Correct Answer-
A.Force it to merge with an institution with a higher compliance rating B.Deny its requests to open
new branches C.Replace its directors with people of their own choosing
B
The CRA performance of large banks is assessed using three tests. Which one is weighted most
heavily? ✔Correct Answer-A.The lending test B.The service test C.The investment test
A
Who has the right to review your CRA public file? ✔Correct Answer-A.Only account holders
B.Anyone C.Only people of legal age
A
The CRA public notice must state: ✔Correct Answer-A.The number and dollar amount of past due
CRA loans B.How its performance compares to that of other institutions C.Where to send comments
and complaints related to its performance
100% VERIFIED ANSWERS|LATEST UPDATE|ALREADY
GRADED A+
The investment test looks at the ______________ of qualified investments. ✔Correct Answer-A
number and dollar amount B.track record of the underwriters C.securitization of loans
A
When someone requests copies of the information in the CRA public file, you can charge them but
no more than: ✔Correct Answer-A.The cost of duplication and mailing B.Ten dollars C.Five dollars
A
The federal banking agencies publish a list of institutions scheduled for CRA examinations each
calendar quarter, _________________ before the examination. ✔Correct Answer-A.30 days B.25
days C.20 days
A
If an institution fails to comply with CRA requirements, it risks having regulators: ✔Correct Answer-
A.Install federal employees to oversee its operations B.Deny its applications for mergers and
acquisitions C.Close it down
B
As an employee, you should be familiar with, among other things: ✔Correct Answer-A.Everything
having to do with CRA compliance B.Low- to moderate-income consumers C.Your institution's CRA
performance rating
C
A financial institution that chooses to be evaluated under the Optional Strategic Plan must have a
plan that, among other things: ✔Correct Answer-A. Describes its ongoing efforts to monitor
cybersecurity B.Is approved by a state agency that oversees banking C.Reflects public input
C
If an institution fails to comply with CRA requirements, it risks having regulators: ✔Correct Answer-
A.Force it to merge with an institution with a higher compliance rating B.Deny its requests to open
new branches C.Replace its directors with people of their own choosing
B
The CRA performance of large banks is assessed using three tests. Which one is weighted most
heavily? ✔Correct Answer-A.The lending test B.The service test C.The investment test
A
Who has the right to review your CRA public file? ✔Correct Answer-A.Only account holders
B.Anyone C.Only people of legal age
A
The CRA public notice must state: ✔Correct Answer-A.The number and dollar amount of past due
CRA loans B.How its performance compares to that of other institutions C.Where to send comments
and complaints related to its performance
