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ABA CRCM Practice Test - Questions Answers, Page 37

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Question 361

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The following statements make assertions about the collection and reporting of data on race, ethnicity, sex, and income. Which statement is false?

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Question 362

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On which of these loans does First National have to report the interest rate spread on its HMDA LAR?

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Question 363

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By what date must financial institutions submit their loan application registers to their federal supervisory agency?

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Question 364

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Which of the following loans would First National report on its loan application register?

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Question 365

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When must a bank make its mortgage loan disclosure statement available?

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Question 366

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What information must be on the loan application registers for home loans on property located within the bank's metropolitan area?

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Question 367

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How must most banks submit loan application registers to their federal supervisory agencies?

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Question 368

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Which of the following is required to be reported on ABC Bank's HMDA LAR?

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Question 369

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John and Elise Fernandez apply to ABC Bank for a loan to purchase a manufactured home. ABC Bank is a community bank with approximately $100 million in assets, and the home would be located outside of the bank's metropolitan are a. Mr. and Mrs. Fernandez complete an in-person application for a mobile home that is denied by the bank due to insufficient income. Which piece of information on the Fernandez application is ABC Bank NOT required to report on its HMDA LAR?

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Question 370

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Which of the following loans or applications is EXCLUDED from HMDA reporting?

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