©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:43 PM.
FDIC TE Set 200 Exam Questions With
Correct Answers 100% Verified.
Alternate Exam Program - When can FDIC alternate exams with state? - Answer✔Alternate
Exams can be accepted:
Composite 1-2
Stable and improving 3 (confirmed by SCOR) and no adverse trends
*(length of time between end of one exam and start of next should not exceed 12 to 18
months.)
Who is on the FDIC Board? - Answer✔1. Comptroller of the Currency
2. Director of the CFPB
3. 3 appointed by President of US (incl. Chairmen)
a. Individuals who are citizens of US
b. One who shall have State bank
supervisory experience
Not more than three members may be of the same political party
6 yr term / 5 yr. for Chairman
Primary Causes of Violations - Answer✔MUNW
Unfamiliarity
Negligence
Misinterpretation
Willful noncompliance
1
, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:43 PM.
Bank may accept appraisal prepared by an appraiser engaged by another bank, if..... -
Answer✔1. Appraiser has no direct or indirect interest in property/transaction
2. The regulated institution determines that the appriasal conforms to requirements of Part 323
and is acceptable (Appraisal review)
What is the one fundamental & essential attribute all bank directors must possess without
exception? - Answer✔Personal Integrity
What does Appendix B to Part 365 do? - Answer✔Implement Secure & Fair Enforcement for
Mortgage Licensing Act's (SAFE Act) registration requirement for mortgage loan originators
SAFE ACt provides (ATCAH)
Aggregating and improving the flow of information between regulators
Providing increased accountability and tracking of mortgage loan originators
Enhancing Consumer Protections
Supporting anti-fraud measures
Provide consumers employment history, disciplinary history, free and easily accessible
What should bank management do if they are asked to disclose a SAR through subpoena or
otherwise? (PART 353.3) - Answer✔Decline to produce SAR or any info that would disclose that
SAR has been prepared or filed using Part 353 as support and notify FDIC RO
Bank encouraged to file copies of SARs with appropriate State and local authorities when
appropriate
How long must a bank maintain copies of field SARs & supporting info? (Part 353.3) - Answer✔5
years from date of filing (and property of US government).
Timelines for SAR filings? (Part 353.3) - Answer✔A SAR must be filed within 30 days of initial
detection of facts warranting SAR
If no suspect identified - timeline can be extended to 60 days.
When does a bank not have to file a SAR? - Answer✔Robbery or burglary reported to law
enforcement
2
FDIC TE Set 200 Exam Questions With
Correct Answers 100% Verified.
Alternate Exam Program - When can FDIC alternate exams with state? - Answer✔Alternate
Exams can be accepted:
Composite 1-2
Stable and improving 3 (confirmed by SCOR) and no adverse trends
*(length of time between end of one exam and start of next should not exceed 12 to 18
months.)
Who is on the FDIC Board? - Answer✔1. Comptroller of the Currency
2. Director of the CFPB
3. 3 appointed by President of US (incl. Chairmen)
a. Individuals who are citizens of US
b. One who shall have State bank
supervisory experience
Not more than three members may be of the same political party
6 yr term / 5 yr. for Chairman
Primary Causes of Violations - Answer✔MUNW
Unfamiliarity
Negligence
Misinterpretation
Willful noncompliance
1
, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:43 PM.
Bank may accept appraisal prepared by an appraiser engaged by another bank, if..... -
Answer✔1. Appraiser has no direct or indirect interest in property/transaction
2. The regulated institution determines that the appriasal conforms to requirements of Part 323
and is acceptable (Appraisal review)
What is the one fundamental & essential attribute all bank directors must possess without
exception? - Answer✔Personal Integrity
What does Appendix B to Part 365 do? - Answer✔Implement Secure & Fair Enforcement for
Mortgage Licensing Act's (SAFE Act) registration requirement for mortgage loan originators
SAFE ACt provides (ATCAH)
Aggregating and improving the flow of information between regulators
Providing increased accountability and tracking of mortgage loan originators
Enhancing Consumer Protections
Supporting anti-fraud measures
Provide consumers employment history, disciplinary history, free and easily accessible
What should bank management do if they are asked to disclose a SAR through subpoena or
otherwise? (PART 353.3) - Answer✔Decline to produce SAR or any info that would disclose that
SAR has been prepared or filed using Part 353 as support and notify FDIC RO
Bank encouraged to file copies of SARs with appropriate State and local authorities when
appropriate
How long must a bank maintain copies of field SARs & supporting info? (Part 353.3) - Answer✔5
years from date of filing (and property of US government).
Timelines for SAR filings? (Part 353.3) - Answer✔A SAR must be filed within 30 days of initial
detection of facts warranting SAR
If no suspect identified - timeline can be extended to 60 days.
When does a bank not have to file a SAR? - Answer✔Robbery or burglary reported to law
enforcement
2
