American Bankers Association CRCM Exam - Topic 4 Question 36 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 36
Topic #: 4

[All CRCM Questions]

A compliance officer receives a call from a loan officer who asks for adv ice on what she should do with a stock certificate (1,437 shares of IBM) from a new loan customer who wants to pledge it in support of a loan that has been approved at your bank. What should the compliance officer tell her FIRST?

ARetain a copy of the certificate in the loan file

BRetain the original certificate in the branch vault for the term of the loan

CRecord the certificate information and give the original back to the customer

DContact the SIC to determine if the certificate was reported as lost, counterfeit, or stolen

Show Suggested Answer

Suggested Answer: D

by Audra at May 07, 2022, 04:05 PM

Limited Time Offer

25%

Off

Get Premium CRCM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Ruthann

4 months ago

D is crucial too, gotta check if it's legit first!

upvoted 0 times

...

Antonio

4 months ago

Wait, why would we just trust the customer? Sounds risky!

upvoted 0 times

...

Paulina

4 months ago

A is a good start, but B is the safest option.

upvoted 0 times

...

Marsha

4 months ago

I think C makes more sense, just record it and give it back.

upvoted 0 times

...

Louann

5 months ago

Definitely B, keep that original safe!

upvoted 0 times

...

Kaitlyn

5 months ago

This is a tricky one. The image doesn't provide a lot of detail, and the answer choices are pretty similar. I'll need to double-check my understanding before selecting an answer.

upvoted 0 times

...

Glenn

5 months ago

This seems like a straightforward question. I'll carefully review the options and choose the one that best matches the description of a forensic lockdown.

upvoted 0 times

...

Theodora

5 months ago

This seems like a straightforward configuration question. I'll carefully read through the options and think about the typical steps for changing an IP address on an IOS XR router.

upvoted 0 times

...

Dierdre

5 months ago

Saving the style in this document only - that's an important detail I'll need to remember.

upvoted 0 times

...

Annamaria

5 months ago

I was kind of confused about administrative rules. I thought they had to have some legal force, so option B seems off, but I can't recall the details.

upvoted 0 times

...