American Bankers Association CRCM Exam - 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

Malika

6 months ago

Three copies with transmittal is outdated, right?

upvoted 0 times

...

Onita

7 months ago

Wait, are you sure about that machine-readable thing?

upvoted 0 times

...

Lanie

7 months ago

I thought it was the standard LAR form?

upvoted 0 times

...

Chanel

7 months ago

Definitely agree, it's all about efficiency!

upvoted 0 times

...

Brunilda

7 months ago

Most banks submit in machine-readable format.

upvoted 0 times

...

Billye

7 months ago

I remember discussing the standard LAR form in class, but I thought there were also specific submission guidelines that might include separate packages for branches.

upvoted 0 times

...

Carlota

8 months ago

I practiced a similar question, and I believe the correct answer is about the machine-readable format. It seems to be the most common requirement.

upvoted 0 times

...

Iraida

8 months ago

I recall something about submitting in three copies, but I'm not sure if that's the right answer for this question.

upvoted 0 times

...

Jeff

8 months ago

I think banks need to submit the loan application registers in a specific format, but I can't remember if it's machine-readable or the standard LAR form.

upvoted 0 times

...

Colette

8 months ago

I think the key here is that the question is asking about the required format for submitting the loan application registers. I'll focus on that and try to determine the best option.

upvoted 0 times

...

Arthur

8 months ago

Wait, I'm a little confused. Is it just the standard LAR form, or do they need to submit it in a specific way? I'll have to re-read the question carefully.

upvoted 0 times

...

Sherman

8 months ago

Okay, I've got this. Banks have to submit loan application registers in machine-readable format to their federal supervisory agencies. Option A is the correct answer.

upvoted 0 times

...

Bok

8 months ago

Hmm, I'm not entirely sure about this one. I'll need to think it through and eliminate the options that don't seem quite right.

upvoted 0 times

...

Ronny

8 months ago

This seems like a straightforward question about loan application reporting requirements. I'll carefully read through the options and choose the one that best matches the question.

upvoted 0 times

...

Halina

1 year 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.

upvoted 0 times

Irma

11 months ago

C) In three copies with the required transmittal

upvoted 0 times

...

Leota

12 months ago

B) On the standard LAR form

upvoted 0 times

...

Laila

1 year ago

A) In machine-readable format

upvoted 0 times

...

Avery

1 year 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.

upvoted 0 times

Dalene

1 year ago

C) In three copies with the required transmittal

upvoted 0 times

...

Erick

1 year ago

B) On the standard LAR form

upvoted 0 times

...

Alona

1 year ago

A) In machine-readable format

upvoted 0 times

...

Rodrigo

1 year 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.

upvoted 0 times

...

Tiera

1 year 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

Stevie

1 year ago

It makes sense to use a format that is familiar to the supervisory agencies.

upvoted 0 times

...

Stevie

1 year ago

I agree, the standard LAR form is the best option for submitting loan application registers.

upvoted 0 times

...

Alana

1 year ago

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

upvoted 0 times

...

Edison

1 year 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