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American Bankers Association CRCM Exam - Topic 7 Question 64 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 64
Topic #: 7
[All CRCM Questions]

Requirements---12 CFR 202.2, 202.4, 202.5, 202.6, and 202.13 say that a creditor may not request information about an application's race, color, religion, national origin, or gender except as specifically permitted by ____________or another statute such as the Home Mortgage Disclosure Act.

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Suggested Answer: B

by Lashon at Jan 10, 2023, 07:33 AM

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Marsha
7 months ago
I had no idea about this! Regulation B? Interesting!
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Lazaro
7 months ago
Wait, are we sure it's not Regulation U? Seems off.
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Nicolette
7 months ago
I thought it was Regulation Z at first, but B makes sense.
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Pete
7 months ago
Totally agree, Regulation B is the right answer!
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France
7 months ago
It's Regulation B that covers this.
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Michael
8 months ago
I definitely remember that Regulation B is related to this topic. It’s the one that restricts asking about race and gender, right?
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Lashawna
8 months ago
Regulation U sounds familiar, but I can't quite place it in this context. I feel like I might be mixing it up with something else.
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Youlanda
8 months ago
I recall studying about the different regulations, and I think Regulation B is the one that deals with discrimination in lending.
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Lenna
8 months ago
I think the answer might be Regulation B, but I'm not completely sure. I remember it has to do with equal credit opportunity.
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Kathrine
8 months ago
Opportunity cost is the key concept here. I'll make sure I understand that well for the exam.
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Kirk
8 months ago
I'm leaning towards option B, the project plan. That seems like the foundational document the project manager should provide to set the team up for success.
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Tien
8 months ago
Okay, I think I have a strategy here. I'll look into using the tf.data.Dataset.prefetch transformation to load the data efficiently.
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Avery
1 year ago
Regulation B, no doubt. Can't have the bank prying into our religious affiliations or favorite color. That's just common sense.
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Dulce
11 months ago
That's right, Regulation B is the correct answer to this question.
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Fausto
11 months ago
A) Regulation B
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Terrilyn
11 months ago
No, Regulation Z deals with Truth in Lending disclosures, not the prohibition of requesting personal information like race or religion.
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Maybelle
11 months ago
C) Regulation Z
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Ashley
11 months ago
Exactly, Regulation B prohibits creditors from requesting certain personal information during the application process.
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Yolande
11 months ago
A) Regulation B
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Quentin
1 year ago
Wait, is this a trick question? I bet the answer is Regulation B, because who wants the government knowing all our personal details, am I right?
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Dierdre
11 months ago
Yes, Regulation B is the correct answer in this case.
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Lashawn
11 months ago
A) Regulation B
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Glory
11 months ago
Actually, Regulation Z deals with truth in lending disclosures, not the collection of personal information.
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Mari
11 months ago
C) Regulation Z
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Germaine
12 months ago
That's correct! Regulation B specifically permits creditors to collect certain information for monitoring purposes.
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Izetta
1 year ago
A) Regulation B
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Carylon
1 year ago
Hmm, let me think... Ah, got it! Regulation B is the one that governs this kind of information disclosure. Nailed it!
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Rutha
11 months ago
Actually, it's Regulation B that specifically permits the collection of certain applicant information.
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Sherrell
12 months ago
C) Regulation Z
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Gail
12 months ago
That's correct! Regulation B is the one that governs this type of information disclosure.
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Maryann
1 year ago
A) Regulation B
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Felix
1 year ago
Ugh, I always get these fair lending regulations mixed up. But Regulation B is the clear winner here - can't go wrong with the big B!
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Tom
1 year ago
I love these tricky regulatory questions. Gotta stay on top of those CFR sections, am I right? Regulation B is the one that's got our backs on this one.
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Ria
1 year ago
C) Regulation Z
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Anastacia
1 year ago
That's right! Regulation B is the one that allows creditors to request certain information about an applicant's race, color, religion, national origin, or gender.
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Jolene
1 year ago
A) Regulation B
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Carlee
1 year ago
Ah, the delicate balance of privacy and transparency in lending practices. Regulation B is definitely the answer here - it's the one that sets the rules for fair lending.
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Kimbery
1 year ago
I agree with Matthew, Regulation B prohibits creditors from discriminating against applicants based on race, color, religion, national origin, or gender.
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Matthew
1 year ago
I think it's A) Regulation B because Regulation B deals with equal credit opportunity.
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Tomoko
1 year ago
A) Regulation B
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