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

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Halina

18 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

30 days 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

25 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

1 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

26 days ago

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

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Stevie

27 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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