American Bankers Association CRCM Exam - Topic 3 Question 9 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 9
Topic #: 3

[All CRCM Questions]

On which of the following loans must a bank maintain records under the Bank Secrecy Act?

AAll loans exceeding $5,000 and secured by real property

BAll loans exceeding $5,000, but not secured by real property

CAll loans exceeding $10,000 and secured by real property

DAll loans exceeding $10,000, but not secured by real property

Show Suggested Answer

Suggested Answer: D

by Samira at May 04, 2022, 10:41 AM

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Alethea

4 months ago

Totally agree, A makes the most sense here!

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Therese

4 months ago

Wait, are you sure about that? Seems too low.

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Jamal

4 months ago

A is correct, that's the standard requirement.

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Katlyn

4 months ago

I thought it was just for loans over $10,000?

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Nidia

5 months ago

It's definitely A, all loans over $5,000 secured by real property.

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Audrie

5 months ago

Accessibility seems like the best fit for a measure of how easily members can get the services they need. I'm leaning towards that, but I'll double-check the other options just to be sure.

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Kanisha

5 months ago

Okay, let me see. The key length, state table, and XOR with plaintext - that sounds a lot like RC4 to me. I'm going to go with C.

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Ezekiel

5 months ago

Okay, I think the key here is to identify the organizational assets and processes that would provide the necessary context and direction. I'll carefully consider each option.

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Kiera

5 months ago

I'm a bit unsure, but “to ensure that information is consistent with its legal form” seems a bit off. Isn't that more about compliance?

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