Discuss American Bankers Association CRCM Exam Topic 3 Question 130

American Bankers Association CRCM Exam - Topic 3 Question 130 Discussion

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

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

AThe lessor must allow the lessee to purchase the leased property either during the lease term or at the end of the term.

BIf 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.

CIf 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.

DThe purchase price of the leased property must be mutually agreed on by the lessor and the lessee.

Suggested Answer: C

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12 comments · newest first

Phil 1 month ago

Option A seems too restrictive. Not all leases allow for purchase.

Silvana 1 month ago

I feel like option C makes sense too. Transparency is key.

Nana 1 month ago

I think option D is the most accurate. Both parties should agree.

Pok 2 months ago

B is misleading, it's not a hard rule.

Gilma 2 months ago

Wait, can they really charge more than 12 payments? Sounds fishy.

Luis 2 months ago

C is a must, transparency is key.

Avery 2 months ago

I agree, D makes the most sense here!

Val 2 months ago

A is definitely not true, lessors can choose.

Maryln 2 months 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.

Bettyann 3 months 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.

Charlene 3 months 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.

Whitney 3 months ago

I think option A sounds familiar, but I'm not entirely sure if the lessor is required to allow a purchase.

Thread summary

● Consensus

Community pick: Yes strong agreement

Vote breakdown

A 2%

B 2%

C 99%

D 2%

Summary updated from 12 comments · last activity 1 month ago

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Created dateJul 17, 2026
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