MENU
It is the policy of First Safe Bank to offer credit life insurance and accident and disability insurance to all consumer loan customers. What procedures fulfill the disclosure requirements for the bank?
Suggested Answer: B
Get Premium CRCM Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
12 comments · newest first
OR
Oretha
11 months ago
I thought they had to disclose everything upfront, not just at closing.
SH
Shawana
11 months ago
Wait, are they really only giving disclosures at closing? Sounds sketchy!
LA
Lashawn
12 months ago
A sign on desks isn't enough, gotta go with B.
KI
Kindra
12 months ago
I agree, B covers all bases for customer awareness.
ED
Edwin
12 months ago
Option B seems right, they need to disclose both orally and in writing.
SH
Shantay
1 year ago
I’m not clear on whether just a written disclosure at closing is sufficient. I thought there were more requirements.
TR
Truman
1 year ago
I feel like we practiced a question similar to this, and I think the key is that customers need to be informed before they make a decision.
TA
Tamie
1 year ago
I think option B sounds right, but I’m not entirely sure if just giving it orally at application is enough.
LO
Louvenia
1 year ago
I remember we discussed the importance of providing disclosures both orally and in writing, especially at loan closing.
LE
Lettie
1 year ago
Easy peasy! I'll just follow the steps in the explanation - click, insert footnote, type the text, and I'm good to go.
CO
Cora
1 year ago
I'm a little confused about the different merge code options. I'll need to carefully review the structure of the Integration Procedure and the documentation on how to pass data between actions. This seems like an important concept to understand for the exam.
FR
Francine
1 year ago
Monitoring KRIs could be useful, but I'm not sure that would fully identify unnecessary controls. Hmm, tough call.