American Bankers Association Exam CRCM 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.

ARegulation B

BRegulation U

CRegulation Z

DRegulation A

Show Suggested Answer

Suggested Answer: B

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

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Tom

9 hours 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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Carlee

4 days 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

4 days 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

9 days ago

I think it's A) Regulation B because Regulation B deals with equal credit opportunity.

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Tomoko

11 days ago

A) Regulation B

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