American Bankers Association Exam CRCM Topic 9 Question 108 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 108
Topic #: 9

[All CRCM Questions]

Bob Richardson has had three loan applicants this morning:

* Heather Smith, age 17, who needs a car loan for $9,500 for 3 years

* John Bako, age 42, who would like a stock loan for $15,000 for 1 year

* Maynard Williams, age 70, recently retired, who needs a $50,000 home improvement loan for 12 years Bob's bank uses a judgmental credit evaluation system. For which of these applications is Bob able to consider the age of the applicant as a factor in the decision making process?

AAll of them

BNone of them

COnly Mr. Williams

DMr. Williams and Ms. Smith

Show Suggested Answer

Suggested Answer: D

by Elbert at Mar 08, 2025, 08:50 PM

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22 days ago

I think Bob can consider the age of Mr. Williams for the home improvement loan.

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