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Q: 1
By what date must the bank send the borrower a statement in connection with an information return on foreclosed or abandoned property?
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Q: 2
In a motor vehicle lease, a mathematical progression showing how the periodic payment is derived, containing the following information:
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Q: 3
Banks must maintain an ____________adequate to absorb estimated credit losses from payday loans. Banks should evaluate the collectability of accrued fees and finance charges on payday loans and ensure that this income is appropriately measured.
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Q: 4
To be effective, compliance risk management professionals must design a framework to ensure that bank management understands the risks and the steps that must be taken to mitigate them. The many roles compliance professionals fill incorporate risk management aspects including:
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Q: 5
Which of the following primary purpose/s were behind the Electronic Fund Transfer Act (EFTA)?
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Q: 6
For which of the following must a bank obtain Form FR U-1 when a loan is in excess of $100,000?
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Q: 7
The purpose of guidelines for National Banks to Guard against Predatory and Abusive Lending Practices- AL-2003-2 includes all of the following EXCEPT:
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Q: 8
Regulation B defines “elderly” as having attained an age of how many years?
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Q: 9
______________ should include basic elements designed to understand and mitigate risk. It usually includes: Written program Compliance-related policies and procedures
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Q: 10
In Advertising-12 CFR 213.7, if a percentage rate is used in an advertisement, it cannot be more prominent than any other disclosure, EXCEPT:
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