American Bankers Association CRCM Exam - Topic 6 Question 131 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 131
Topic #: 6

First National Bank made the following loans to Mr. James Wilson during the previous calendar year:

* Loan A, made on February 2, is a loan for purchasing margin stock and is secured by margin stock

* Loan B, made on March 15, is also for purchasing margin stock and is secured by margin stock

* Loan C, made on June 30, is an unsecured loan for purchasing margin stock

* Loan D, made on September 10, is for purchasing a car, secured by the car

All the loans are still outstanding at the end of the year. Which of the loans must be combined for purposes of the margin requirements of Regulation U?

AAll of the loans must be combined

BLoans A and B

CNone of the loans must be combined

DLoans A, B, and C

Show Suggested Answer

Suggested Answer: D

by Fausto at Aug 14, 2026, 11:01 PM

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Letha

4 days ago

I practiced a similar question, and I believe all loans for margin stock should be combined, which would mean A, B, and C.

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Gussie

9 days ago

I'm not entirely sure, but I remember something about unsecured loans not being combined. So maybe it's just A and B?

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Janet

15 days ago

I think we need to combine the loans that are specifically for purchasing margin stock, so maybe A, B, and C?

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