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American Bankers Association Exam CRCM Topic 10 Question 89 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 89
Topic #: 10
[All CRCM Questions]

Which of the following must a ''large'' bank maintain as part of its CRA program?

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Suggested Answer: B

by Frankie at May 29, 2024, 09:06 PM

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Micah
21 days ago
I'm going with option B. It seems the most comprehensive and covers all the bases. Although, I do wonder if the bank has to maintain a list of employees who can actually pronounce 'CRA' correctly.
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Lettie
24 days ago
A comprehensive record of CRA-related training? That sounds like way too much paperwork. I'd rather just bake some cookies for the local community center and call it a day.
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Arlyne
27 days ago
Hmm, I'm not sure about this one. Maybe I should have paid more attention during that CRA training session last year - I heard the instructor fell asleep halfway through.
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Aliza
29 days ago
I think the correct answer is B. The bank needs to maintain a description of its assessment area, written comments and responses, and the public portion of the regulator's most recent CRA performance evaluation.
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Denise
3 days ago
User 2: I agree, the bank must maintain a description of its assessment area and the public portion of the regulator's most recent CRA performance evaluation.
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Renay
18 days ago
User 1: I think the correct answer is B.
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Oren
2 months ago
Hmm, you might be right. I'll have to review that option again.
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Stacey
2 months ago
I disagree, I believe the correct answer is B. It includes the assessment area and the regulator's performance evaluation.
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Oren
2 months ago
I think the answer is A, because it mentions community involvement and loans to low- and moderate-income individuals.
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