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American Bankers Association CRCM Exam - Topic 2 Question 60 Discussion

Which of the following is (are) NOT covered by the regulation?
D) A person who sells insurance to nonconsumers for other than personal, family, or household purposes
A) All banks regardless of insurance sales.
B) A lender who indicates to the consumer that he or she is selling insurance on behalf of the bank
C) A person to whom the bank refers consumers and who has a contract with the bank to receive commissions on sales of insurance

American Bankers Association CRCM Exam - Topic 2 Question 60 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 60
Topic #: 2
[All CRCM Questions]

Which of the following is (are) NOT covered by the regulation?

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Suggested Answer: D

by Moon at Oct 28, 2022, 05:38 AM

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William
8 months ago
D makes sense, but I didn’t expect that!
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Vince
8 months ago
C sounds fishy to me, not sure it’s excluded.
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Val
9 months ago
Wait, are we sure about B?
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Kendra
9 months ago
I agree, A seems clear.
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Donte
9 months ago
A is definitely not covered.
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Curtis
9 months ago
D seems tricky too, but I think selling to nonconsumers might not fall under the same regulations.
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Fatima
9 months ago
I remember a practice question about commissions, so I feel like C could be the answer since it mentions a contract with the bank.
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Tonette
9 months ago
I'm not sure about B; it sounds like it could be covered since the lender is selling on behalf of the bank.
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Selma
9 months ago
I think option A might be the right answer since it mentions all banks, which seems too broad for the regulation.
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Golda
9 months ago
This looks like a pretty straightforward question about creating new tables in SQL. I'll need to carefully read through the options and select the two that are correct.
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Ethan
10 months ago
Hmm, this seems like a tricky tax question. I'll need to think carefully about the different types of payments and when they can be deducted.
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