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?

AListing of director, officer, and employee community involvement, and a listing of loans made to low- and moderate-income individuals

BDescription of its assessment area, written comments and responses, and the public portion of the regulator's most recent CRA performance evaluation

CCopy of the bank's CRA Notice and the bank's most recent five years of CRA disclosure statements

DA comprehensive record of all CRA-related training completed by employees during the past two years 696 AMERICAN BANKERS ASSOCIATION

Show Suggested Answer

Suggested Answer: B

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

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4 days ago

Hmm, you might be right. I'll have to review that option again.

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7 days 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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15 days ago

I think the answer is A, because it mentions community involvement and loans to low- and moderate-income individuals.

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