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Certified Regulatory Compliance Manager CRCM (CRCM) - American College Exam Questions

Last updated on June 20, 2026

97% Exam Compliance
463 Total Questions
1
Question
In Requirements section of Adjusted Mortgage Regulation (12 CFR 34), for loans subject to both the OCC ARM regulation and to Regulation Z, 12 CFR 226.19(b)—that is, loans made to an individual, for personal purposes, secured by the borrower’s principal dwelling, and having a term longer than one year— the index to which the interest rate is tied must be:
Options
A Readily available to and verifiable by the browser
B Specified in loan documents
C A and B only
D Multiple values of a chosen measure or a moving average of the chosen measure calculated over a specified period
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2
Question
Unless the debt collector has express permission from the consumer or from a court, the law prohibits communication with a consumer under the following conditions EXCEPT:
Options
A When the debt collector knows that the consumer is represented by an attorney in connection with the debt and the attorney’s name and address are known (unless the attorney fails to respond within a reasonable period of time to communication from the debt collector)
B At an unusual time or place, such as before 8:00 a.m. or after 9:00 p.m., local time at the consumer’s location
C If the consumer has notified the collector in writing and asked that the collector ceases all further
contact. The debt collector may, in such circumstances, notify the debtor of any special remedies available to it, notify the debtor that collection efforts are being terminated, or notify the borrower that the creditor is invoking a specific remedy.
D At the consumer’s place of employment if the debt collector doesn’t know or has no reason to know that the employer forbids such communication
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3
Question
Is the renewal of a loan considered to be a new extension of credit for purposes of valuing the collateral under Regulation U?
Options
A Yes, if any additional amounts are added to the loan balance
B Yes
C No, a renewal is never considered to be a new credit
D Yes, if any amounts other than interest, service charges, or taxes are added to the loan balance
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4
Question
First National Bank owns a data processing company that sells financially related data processing services to various businesses in the community. Daniel Tyler, a loan officer, is negotiating a loan to a local CPA firm. He would like to make the loan conditional on the CPA firm’s use of the subsidiary data processing firm.May he do so?
Options
A Yes, because it is not related to pricing.
B Yes, because it is not a bank service.
C No, unless the company was planning to obtain a new data processing service provider anyway.
D No. It is an illegal tie-in.
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5
Question
Which of the following should be done during research and interpreting regulations Compliance professionals in mitigating compliance risk?
Select 3
Options
A Implementing final regulatory rules
B Track regulatory proposals
C Ranking solutions as high, moderate and low risk
D Understanding the business units’ operating environment and risk tolerance
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