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?

AIn machine-readable format

BOn the standard LAR form

CIn three copies with the required transmittal

DIn a separate package for each branch loan application

Show Suggested Answer

Suggested Answer: B

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

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Tiera

1 days 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.

upvoted 0 times

...

Alana

7 days ago

But what about submitting them on the standard LAR form? Wouldn't that be more standardized?

upvoted 0 times

...

Edison

8 days 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.

upvoted 0 times

...

Daniel

9 days ago

I agree with Xochitl, it's more efficient and easier for the federal supervisory agencies to process.

upvoted 0 times

...

Xochitl

10 days ago

I think most banks must submit loan application registers in machine-readable format.

upvoted 0 times

...