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American Bankers Association CRCM Exam - Topic 7 Question 127 Discussion

An exempted borrower is a member of a national securities exchange or a registered broker or dealer who:
A) Maintains at least 1,000 active accounts annually for persons other than brokers, dealers, and persons associated with brokers and dealers and B) Earns at least $10 million in gross revenues on an annual basis from transactions with persons other than brokers, dealers, and persons associated with brokers and dealers, or and C) Earns at least 10 percent of its gross revenues on an annual basis from transactions with persons other than brokers, dealers, and persons associated with brokers and dealers
D) None of these

American Bankers Association CRCM Exam - Topic 7 Question 127 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 127
Topic #: 7
[All CRCM Questions]

An exempted borrower is a member of a national securities exchange or a registered broker or dealer who:

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Suggested Answer: A, B, C

by Dong at May 28, 2026, 09:54 PM

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Freeman
2 hours ago
I vaguely recall that it could be either B or C, but I can't remember which one is the correct definition for an exempted borrower.
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Skye
5 days ago
I'm a bit confused about the specifics. Is it 1,000 accounts or the revenue that matters more for being exempted?
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Jules
10 days ago
I feel like I've seen a similar question before, and I think it might be related to option B about the $10 million in gross revenues.
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Barrett
16 days ago
I think I remember something about exempted borrowers, but I'm not sure if it's about the number of accounts or the revenue thresholds.
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