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American Bankers Association CRCM Exam - Topic 3 Question 130 Discussion

Which of the following statements is true regarding the lessee's ability to purchase the leased property?
C) If the lessor allows the lessee to purchase the property at the end of the lease term, the purchase price must be disclosed in the initial disclosure statement.
A) The lessor must allow the lessee to purchase the leased property either during the lease term or at the end of the term.
B) If the lessor allows the lessee to purchase the property at the end of the lease term, the lessor may not charge more than the equivalent of 12 monthly payments for the property.
D) The purchase price of the leased property must be mutually agreed on by the lessor and the lessee.

American Bankers Association CRCM Exam - Topic 3 Question 130 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 130
Topic #: 3
[All CRCM Questions]

Which of the following statements is true regarding the lessee's ability to purchase the leased property?

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Suggested Answer: C

by Anna at Jul 17, 2026, 06:29 PM

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Pok
1 day ago
B is misleading, it's not a hard rule.
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Gilma
6 days ago
Wait, can they really charge more than 12 payments? Sounds fishy.
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Luis
12 days ago
C is a must, transparency is key.
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Avery
17 days ago
I agree, D makes the most sense here!
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Val
22 days ago
A is definitely not true, lessors can choose.
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Maryln
27 days ago
I’m not confident, but I think option B seems off since I don’t recall any specific limits on the purchase price like that.
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Bettyann
1 month ago
I'm leaning towards option D because it makes sense that both parties would need to agree on the price, but I could be mixing it up with another topic.
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Charlene
1 month ago
I remember practicing a question about purchase options, and I feel like option C might be correct since disclosures are usually important in leases.
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Whitney
1 month ago
I think option A sounds familiar, but I'm not entirely sure if the lessor is required to allow a purchase.
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