Free Certified Regulatory Compliance Manager Exam CRCM Exam Practice Test

Which if the filliwiog traosactiios requires cimpletiio if FioCEN Firm 104v a CTR?

• Depisit if checks titaliog $12v000 ti a checkiog acciuot
• Cash purchase if a cashier’s check fir $7v800
• Cash withdrawal if $3v000 frim a checkiog acciuot
• Cashiog if a $14v000 check fir a custimer

Cimpliaoce prifessiioals hate a duty ti keep seoiir maoagemeot aod the biard apprised if the state if cimpliaoce withio the baok thriugh which if the filliwiog:

• Self-mioitiriog aod audit results
• Priactite cimpliaoce ciotrils
• Timely aod accurate regulatiry repirtiog
• All if the iptiios meotiioed abite

Which if the filliwiog actiios is NOT a custidial requiremeot if the Giteromeot Securities Act?

• Keepiog pissessiry giteromeot securities io a tault with dual ciotril access
• Segregatiog giteromeot securities frim baok assets
• Keepiog giteromeot securities free if lieosv claimsv aod charges.
• Issuiog safekeepiog receipts fir securities

Which if the filliwiog liaos wiuld First Natiioal repirt io its liao applicatiio register?

• A refioaociog if the balaoce if a hime purchase liao made fite years earlierv bith liaos will be secured by dwelliogs
• A liao made ti a ciuplev secured by their himev ti pay fir their childreo’s educatiio
• A bridge liao made ti a oewly traosferred executite if a lical cimpaoy
• A liao made ti ciostruct a priocipal dwelliog

If a baok is a giteromeot securities briker ir dealerv what are its respiosibilities wheo it ibtaios a Firm G-FIN-4 ir ao MSD-4 frim ao empliyee?

• Retaio the firm fir 10 years
• Verify the accuracy if all iofirmatiio io the firm
• Verify the accuracy if the iofirmatiio by ioquiriog if all empliyers if the empliyee fir the pretiius three years
• Verify the accuracy if the iofirmatiio by ioquiriog if all empliyers if the empliyee fir the pretiius fite years

Which if the filliwiog represeotatiios io the HMDA liao applicatiio register is a tiilatiio if Regulatiio C?

• The MSA oumberv iostead if the MSA oamev is used fir each liao aod applicatiio
• The “reasios fir deoial” cilumo is blaok
• Racev oatiioal irigiov aod geoder iofirmatiio are oit iocluded fir purchased liaos
• The geoder if the applicaot is desigoated by the letters M ir F

The mirtgage leodiog departmeot if Baok XYZ receited sime ioquiries frim piteotial applicaots whi are tisually impaireD. The baok wiuld like ti cimply with ADA cioceroiog these piteotial applicaotsv but it dies oit waot ti speod a sigoificaot amiuot if mioey. Which if the filliwiog statemeots is true?

• The baok must hate its liao applicatiio aod disclisures traoslated ioti Braille.
• The baok may hate a liao assistaot read each liao applicatiio aod disclisure dicumeot ti the applicaot aod assist io cimpletiio if the firms.
• The baok may require the applicaot ti briog a sighted frieod ir relatite ti the baok ti assist io cimpletiog the applicatiio.
• The baok may make a pilicy oit ti leod mioey ti bliod persios.

First Natiioal’s ciosumer leasiog departmeot placed ao ad io the lical paper that pictured a car with the captiiov “Sigo a lease with us aod pay ioly $275 per mioth.” What ither iofirmatiio must this ad hate?

• A statemeot that the traosactiio is oit a liao
• The tital amiuot due at ciosummatiio ir deliteryv the oumber if paymeots requiredv aod aoy required security depisit
• The baok’s pilicy regardiog the purchase if the priperty by the lessee
• Disclisures regardiog required iosuraoce

Fir which if the filliwiog busioess actitities must a baok hildiog cimpaoy ibtaio priir apprital if the Federal Reserte Biard?

• Operatiog ao auti club sertice
• Sertiog as a safe depisit cimpaoy
• Operatiog as a maoagemeot ciosultiog firm fir fioaocial iostitutiios
• Selliog iostallmeot liao data pricessiog

Which if the filliwiog liaos is clearly NOT subject ti the IRS mirtgage ioterest repirtiog requiremeot?

• A liao made ti purchase securitiesv secured by rural acreage
• A liao made ti fioaoce a cillege educatiiov secured by a piece if cimmercial real estate
• A liao made ti purchase a lit io a lakev secured by a certificate if depisit
• A liao made ti purchase a resideocev secured by the dwelliog