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American Bankers Association Exam CRCM Topic 7 Question 102 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 102
Topic #: 7
[All CRCM Questions]

How must most banks submit loan application registers to their federal supervisory agencies?

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Suggested Answer: B

by Gary at Oct 19, 2024, 03:56 AM

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Halina
20 days ago
A machine-readable format? That's the way of the future! I bet the supervisory agencies have a robot just waiting to process all those loan applications.
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Avery
1 months ago
Sending a separate package for each branch loan application? That's just asking for a logistical nightmare. I hope the supervisory agencies have a better way to handle all that.
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Alona
27 days ago
A) In machine-readable format
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Rodrigo
1 months ago
Three copies with the required transmittal? That sounds like a lot of paperwork. I hope the agencies have a good filing system to keep track of it all.
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Tiera
2 months ago
The standard LAR form is the way to go. It's been tried and tested, and I'm sure the supervisory agencies know exactly what to do with it.
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Stevie
28 days ago
It makes sense to use a format that is familiar to the supervisory agencies.
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Stevie
29 days ago
I agree, the standard LAR form is the best option for submitting loan application registers.
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Alana
2 months ago
But what about submitting them on the standard LAR form? Wouldn't that be more standardized?
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Edison
2 months ago
A machine-readable format seems like the most efficient way for banks to submit their loan application registers. It'll make the process a lot smoother for the supervisory agencies.
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Vincent
1 days ago
A machine-readable format would definitely streamline the process.
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Fairy
3 days ago
C) In three copies with the required transmittal
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Rosamond
5 days ago
B) On the standard LAR form
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Tamesha
1 months ago
A) In machine-readable format
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Daniel
2 months ago
I agree with Xochitl, it's more efficient and easier for the federal supervisory agencies to process.
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Xochitl
2 months ago
I think most banks must submit loan application registers in machine-readable format.
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