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American Bankers Association CRCM Exam - Topic 7 Question 119 Discussion

Posted by Fredric on Nov 22, 2025 at 12:48 PM

Which of the following statements regarding applications is correct?

Suggested Answer: B

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30 comments · newest first
KE
Kenneth 6 months ago
But B allows flexibility. Some creditors prefer that route.
CA
Caren 6 months ago
I feel A is the safest choice. Signed means legit.
SO
Sommer 6 months ago
D makes sense. Why chase incomplete applications?
VI
Vince 6 months ago
C seems off. Creditors should define applications as they see fit.
NO
Noelia 7 months ago
I disagree, Whitley. A is more valid. Signed applications are essential.
WH
Whitley 7 months ago
I think B is correct. Oral applications are common.
BR
Brianne 7 months ago
Not sure about D, seems like they should at least try to complete them.
TR
Trina 8 months ago
Totally agree with A, it’s all about the signatures!
IN
Inocencia 8 months ago
Wait, can creditors really not define a completed app? That seems odd.
JE
Jerry 8 months ago
A is definitely correct, signed apps are usually a must.
KI
Kina 8 months ago
I think B is true, creditors can take oral applications.
NI
Nidia 8 months ago
Option C is just silly. Of course creditors can define what a completed application is.
DE
Delpha 8 months ago
I think we went over incomplete applications, and if I recall correctly, creditors aren't obligated to complete them.
HE
Herman 9 months ago
I vaguely remember something about creditors having their own definitions for completed applications, but I’m not confident about that.
BO
Bok 9 months ago
I feel like we discussed oral applications in class, and I think creditors can accept them, but I can't recall the specifics.
EL
Elbert 9 months ago
I think I remember that applications need to be signed, but I'm not entirely sure if that's always the case.
CH
Christene 9 months ago
Alright, I've got this. The key is understanding the requirements for valid applications.
AL
Alecia 9 months ago
I've got a strategy - I'll eliminate the options that I know are wrong first, then choose the best remaining answer.
KR
Kris 9 months ago
I'm not totally sure about this one. I'll have to review the material on applications again.
DE
Dean 10 months ago
D is the way to go. Creditors don't have to try to complete incomplete applications.
BE
Bettyann 10 months ago
I think option A is correct. Applications need to be signed to be legally binding.
IR
Irma 10 months ago
B is the right answer. Creditors can accept oral applications in some cases.
KE
Kenneth 10 months ago
Haha, creditors developing their own definitions? That's a good one!
DE
Dewitt 11 months ago
Okay, this looks like a tricky question. I'll need to read through the options closely.
AS
Asha 11 months ago
Hmm, I think I know the answer to this one. Let me think it through carefully.
SO
Soledad 5 months ago
↳ replying to Asha
I'm leaning towards A as well.
LA
Lanie 5 months ago
↳ replying to Asha
D sounds reasonable too.
ST
Stephaine 6 months ago
↳ replying to Asha
C makes more sense to me.
SA
Sanjuana 6 months ago
↳ replying to Asha
No way, I think B is the right choice.
MA
Marion 10 months ago
↳ replying to Asha
I believe A is correct.
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