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Latest American Bankers Association CRCM Practice Questions BY Burton

Question 1

______________ should include basic elements designed to understand and mitigate risk. It usually includes:

Written program

Compliance-related policies and procedures

  • A. Tactical Compliance procedure
  • B. Rank solution
  • C. Compliance program
  • D. None of these
Question 2

Which of the following is NOT a requirement of CRA?

  • A. To delineate the bank's assessment area(s)
  • B. To collect loan data
  • C. To approve the bank's CRA statement at an annual board meeting
  • D. To report small business loan data