American Bankers Association Exam CRCM Topic 7 Question 102 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 102
Topic #: 7

[All CRCM Questions]

How must most banks submit loan application registers to their federal supervisory agencies?

AIn machine-readable format

BOn the standard LAR form

CIn three copies with the required transmittal

DIn a separate package for each branch loan application

Show Suggested Answer

Suggested Answer: B

by Gary at Oct 19, 2024, 03:56 AM

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Tiera

10 days ago

The standard LAR form is the way to go. It's been tried and tested, and I'm sure the supervisory agencies know exactly what to do with it.

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Alana

16 days ago

But what about submitting them on the standard LAR form? Wouldn't that be more standardized?

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Edison

17 days ago

A machine-readable format seems like the most efficient way for banks to submit their loan application registers. It'll make the process a lot smoother for the supervisory agencies.

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Daniel

18 days ago

I agree with Xochitl, it's more efficient and easier for the federal supervisory agencies to process.

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Xochitl

19 days ago

I think most banks must submit loan application registers in machine-readable format.

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