UCE 670 Exam Questions & Answers 2024/2025

UCE 670 Exam Questions & Answers 2024/2025 "Two full service national banks are owned by the same holding company. Both banks have composite ratings of "2". Bank A has $500MM in assets. Bank B has $345MM in assets. Bank B will pay 12% lower assessment fees. A. True B. False " - ANSWERSA - True OCC Bulletin 2005-40. Nonlead national banks within any company should multiply their calculated general assessment by 0.88 to recognize the 12 percent discount. The 12 percent discount does not apply to the independent trust bank assessment or the independent credit card bank assessment. "A bank has a loan to a business secured by accounts receivable and inventory. The business is defunct and management cannot locate the borrower or the collateral. The loan is now 150 days past due. Which statement is true? A. The loan is doubtful until the bank can establish the value of the accounts receivable and inventory. B. The loan is a loss and should be charged off. C. The loan should be rated substandard until the borrower is found. D. The loan should be placed on non-accrual. " - ANSWERSB - The loan is a loss and should be charged off. "National banks cannot take their own bank stock as collateral for a loan. A. True B. False " - ANSWERSA - True 12USC83