American Bankers Association CRCM Exam - Topic 9 Question 108 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 108
Topic #: 9

Bob Richardson has had three loan applicants this morning:

* Heather Smith, age 17, who needs a car loan for $9,500 for 3 years

* John Bako, age 42, who would like a stock loan for $15,000 for 1 year

* Maynard Williams, age 70, recently retired, who needs a $50,000 home improvement loan for 12 years Bob's bank uses a judgmental credit evaluation system. For which of these applications is Bob able to consider the age of the applicant as a factor in the decision making process?

AAll of them

BNone of them

COnly Mr. Williams

DMr. Williams and Ms. Smith

Show Suggested Answer

Suggested Answer: D

by Elbert at Mar 08, 2025, 08:50 PM

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Muriel

7 months ago

I doubt they can use age for any of them. Sounds sketchy!

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Janey

8 months ago

Definitely just Mr. Williams. The others are too young.

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An

8 months ago

Wait, can they really consider age? Seems kinda unfair.

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Dominque

8 months ago

I think age matters for all of them, especially with loans.

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Rosalyn

8 months ago

Only Mr. Williams, right? He's the only one over 18.

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Lavonna

9 months ago

I’m torn between Mr. Williams and Ms. Smith. I feel like Ms. Smith’s age could be a concern for the car loan, but I’m not confident.

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Octavio

9 months ago

I practiced a similar question, and I think only Mr. Williams should be considered because of his retirement status.

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Essie

9 months ago

I’m not sure, but I feel like age is definitely a consideration for Mr. Williams since he’s retired.

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Tonette

9 months ago

I think age might be a factor for all of them, but I remember something about how it affects loans differently.

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Harris

9 months ago

Okay, let me walk through this step-by-step. The car loan and home improvement loan are longer-term, so Bob can probably consider the applicant's age. But the stock loan is only for 1 year, so age may not be as relevant there. I think the answer is D, but I'll review my work one more time to be sure.

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Therese

9 months ago

I think I've got this one. For the car loan and home improvement loan, Bob can likely consider the applicant's age as part of the decision-making process. But for the stock loan, age probably isn't a relevant factor. I'll double-check my reasoning, but I'm feeling pretty confident about this.

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Lizette

9 months ago

Hmm, I'm a bit confused on this one. I know age can be a factor in some lending decisions, but I'm not sure which of these specific loan types would allow that. I'll have to read through the details carefully.

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Brandon

9 months ago

Okay, let's see. The question says Bob's bank uses a judgmental credit evaluation system, so age may be a factor. I'll need to think through the different loan types and how age might impact the decisions.

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Olive

9 months ago

This seems like a tricky question. I'll need to carefully consider the details about each applicant's age and loan type to determine which ones Bob can use age as a factor.

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