Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

American Bankers Association CRCM Exam - Topic 1 Question 116 Discussion

Content of segregated disclosures in Consumer Leasing Act include all of the followingEXCEPT:
D) If there are multiple items of property, the property description may be separate
A) Amount due at lease signing or delivery, itemized by type and amount, including: efundable security deposit Advance monthly or other periodic payment Capitalized cost reduction An itemization of how the amount due will be paid, by type and amount (only required in a motor vehicle lease), using the model form
B) Number, amount, and due date of payments scheduled and the total amount of periodic payments
C) In an open-end lease, the descriptive statement ''You will owe an additional amount if the actual value of the vehicle is less than the residual value''

American Bankers Association CRCM Exam - Topic 1 Question 116 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 116
Topic #: 1
[All CRCM Questions]

Content of segregated disclosures in Consumer Leasing Act include all of the following

EXCEPT:

Show Suggested Answer Hide Answer
Suggested Answer: D

by Oneida at Aug 14, 2025, 08:09 AM

Limited Time Offer

25%

Off

Get Premium CRCM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Jesusa
6 months ago
Totally agree, A is a must-have in those disclosures!
upvoted 0 times
...
Ruthann
6 months ago
Wait, are you sure about D? That doesn't sound familiar.
upvoted 0 times
...
Ailene
6 months ago
C sounds right, but D seems off to me.
upvoted 0 times
...
Adela
7 months ago
I think B is also required, right?
upvoted 0 times
...
Vincenza
7 months ago
A is definitely included in the disclosures.
upvoted 0 times
...
Rhea
8 months ago
I feel like the separate property description might not be necessary for all leases, but I can't remember the exact rules on that.
upvoted 0 times
...
Marilynn
8 months ago
The part about the open-end lease sounds familiar, but I can't recall if it's specifically mentioned in the segregated disclosures.
upvoted 0 times
...
Donte
8 months ago
I remember practicing a question about the number and amount of payments, and I think that one is definitely included in the disclosures.
upvoted 0 times
...
Judy
8 months ago
I think the disclosures for the amount due at lease signing are pretty detailed, but I'm not sure if all of them are required for every lease type.
upvoted 0 times
...
Myra
8 months ago
I'm a bit unsure about this one. The wording is a bit tricky, asking for the EXCEPTION rather than the requirements. I'll need to double-check my understanding of the Act to make sure I don't miss anything.
upvoted 0 times
...
Xochitl
9 months ago
This question is testing our knowledge of the specific disclosure requirements. I'll need to rely on my understanding of the Act to eliminate the choices that are required and select the one that is not.
upvoted 0 times
...
Lindsay
9 months ago
Okay, let me think this through. The key is to identify the one item that is not required to be disclosed under the Consumer Leasing Act. I'll read through the choices and try to spot the odd one out.
upvoted 0 times
...
Nakisha
9 months ago
Hmm, I'm a little unsure about this one. The question is asking what is NOT required, so I'll need to carefully review each option to determine which one doesn't belong.
upvoted 0 times
...
Denise
9 months ago
This looks like a pretty straightforward question on the content requirements for the Consumer Leasing Act. I think I can handle this one.
upvoted 0 times
...
Dorthy
10 months ago
D seems like the obvious choice here. The other options are all clearly required disclosures, so D must be the odd one out.
upvoted 0 times
...
Armanda
10 months ago
Hmm, this is a tricky one. I'm torn between B and D, but I'll go with D since the question specifically asks for the EXCEPTION.
upvoted 0 times
Arlyne
6 months ago
I’m still unsure, but D does seem like the best pick for an exception.
upvoted 0 times
...
Carissa
7 months ago
I agree with Levi. D doesn’t fit with the others.
upvoted 0 times
...
Ben
7 months ago
I’m leaning towards B. It seems too straightforward to be an exception.
upvoted 0 times
...
Levi
7 months ago
I think D is the right choice too. It feels like the odd one out.
upvoted 0 times
...
...
Gene
11 months ago
I think the answer is D. The other options are all required disclosures under the Consumer Leasing Act, so D must be the EXCEPTION.
upvoted 0 times
Princess
10 months ago
I agree, D is the exception because it is not a required disclosure under the Consumer Leasing Act.
upvoted 0 times
...
...
Yvette
11 months ago
I think the answer is D.
upvoted 0 times
...

Save Cancel