ABA CRCM Practice Test - Questions Answers, Page 8
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Question 71

Purpose credit is credit for all of the following EXCEPT:
Question 72

Under collateral requirements-12CFR 221.7, maximum loan value of margin stock is:
Question 73

What is actually a Single credit rule-12 CFR 221.3(d)?
Question 74

Which one of the following types of credit may be extended in Requirements case-12 CFR 221.3, 221.7:
Question 75

OCC advisory on credit card practice-AL-2004-10 in credit card practices covers:
Question 76

Practice/s addressed in the guidance of OCC advisory on credit card practices-AL-2004- 10 is/are:
Question 77

Regulation O both restricts lending to insiders and requires that certain loans to insiders be disclosed. Each banking agency has adopted the provisions of Regulation O for administrative enforcement purposes. These were not found to be useful in preventing insider lending abuse. Regulation O governs which of the following areas major areas:
Question 78

Unless excluded by a board resolution or the bylaws, the following officers will be considered to be executive officers EXCEPT:
Question 79

____________ is any company of which the bank is a subsidiary or any other subsidiary of the same company of which the bank is a subsidiary.
Question 80

It is an extension of credit will be deemed to be made to an insider if the proceeds are transferred to the insider or used for the insider's benefit. This rule does not apply if the credit is made on substantially the same terms and conditions as those made to a noninsider and if the proceeds are used in a bona fide transaction involving the acquisition of property, goods, or services from the insider. What is it?
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