American Bankers Association Exam CRCM Topic 7 Question 64 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 64
Topic #: 7

[All CRCM Questions]

Requirements---12 CFR 202.2, 202.4, 202.5, 202.6, and 202.13 say that a creditor may not request information about an application's race, color, religion, national origin, or gender except as specifically permitted by ____________or another statute such as the Home Mortgage Disclosure Act.

ARegulation B

BRegulation U

CRegulation Z

DRegulation A

Show Suggested Answer

Suggested Answer: B

by Lashon at Jan 10, 2023, 07:33 AM

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Avery

1 months ago

Regulation B, no doubt. Can't have the bank prying into our religious affiliations or favorite color. That's just common sense.

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Maybelle

4 days ago

C) Regulation Z

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Ashley

5 days ago

Exactly, Regulation B prohibits creditors from requesting certain personal information during the application process.

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Yolande

6 days ago

A) Regulation B

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Quentin

2 months ago

Wait, is this a trick question? I bet the answer is Regulation B, because who wants the government knowing all our personal details, am I right?

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Dierdre

2 days ago

Yes, Regulation B is the correct answer in this case.

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Lashawn

3 days ago

A) Regulation B

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Glory

5 days ago

Actually, Regulation Z deals with truth in lending disclosures, not the collection of personal information.

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Mari

6 days ago

C) Regulation Z

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Germaine

13 days ago

That's correct! Regulation B specifically permits creditors to collect certain information for monitoring purposes.

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Izetta

24 days ago

A) Regulation B

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Carylon

2 months ago

Hmm, let me think... Ah, got it! Regulation B is the one that governs this kind of information disclosure. Nailed it!

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Rutha

7 days ago

Actually, it's Regulation B that specifically permits the collection of certain applicant information.

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Sherrell

16 days ago

C) Regulation Z

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Gail

19 days ago

That's correct! Regulation B is the one that governs this type of information disclosure.

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Maryann

30 days ago

A) Regulation B

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Felix

2 months ago

Ugh, I always get these fair lending regulations mixed up. But Regulation B is the clear winner here - can't go wrong with the big B!

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Tom

2 months ago

I love these tricky regulatory questions. Gotta stay on top of those CFR sections, am I right? Regulation B is the one that's got our backs on this one.

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Ria

26 days ago

C) Regulation Z

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Anastacia

1 months ago

That's right! Regulation B is the one that allows creditors to request certain information about an applicant's race, color, religion, national origin, or gender.

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Jolene

2 months ago

A) Regulation B

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Carlee

2 months ago

Ah, the delicate balance of privacy and transparency in lending practices. Regulation B is definitely the answer here - it's the one that sets the rules for fair lending.

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Kimbery

2 months ago

I agree with Matthew, Regulation B prohibits creditors from discriminating against applicants based on race, color, religion, national origin, or gender.

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Matthew

2 months ago

I think it's A) Regulation B because Regulation B deals with equal credit opportunity.

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Tomoko

2 months ago

A) Regulation B

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