MENU
In the mid-1980s a movement began among the federal supervisory agencies to produce a uniform ARM regulation. In 1988, the Federal Reserve Board added the uniform ARM disclosure requirements to a regulation. Therefore, most of the original OCC ARM consumer protection requirements are now found in this new regulation. Adjustable rate mortgage loans made by national banks may be subject to the OCC's ARM regulation or the requirements of this new regulation, or both. This new regulation is:
Suggested Answer: A, B
Get Premium CRCM Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
8 comments · newest first
KE
Kent
11 months ago
Both OCC and Regulation Z apply to ARMs, good to know!
LI
Lilli
12 months ago
Wait, are we sure about that? Seems too simple.
HE
Herminia
12 months ago
Definitely Regulation Z, it covers the disclosures.
KA
Karon
12 months ago
I thought it was Truth in Lending?
HA
Haley
1 year ago
Regulation Z is the one!
AR
Arlette
1 year ago
This seems like a tricky one. I'll need to think through the requirements carefully to make sure I don't miss anything.
JO
Joseph
1 year ago
This seems like a tricky situation. I'm not sure if I should go with the quick fix or try to find another solution. I'll have to think this through carefully.
ST
Stanford
1 year ago
I think the answer is B. "Disable All Macros Without Notification" seems to be the option that disables all macros without any security warnings.