100% Free American Bankers Association CRCM Practice Test Questions and Answers 2026

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Total 465 Questions | Updated On: May 23, 2026

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Question 1

The OCC recommends all but one of the following actions to help prevent a national bank’spurchasing or acquiring predatory or abusive loans. Which practice is NOT recommended?

A : Establish policies on the bank’s relationship with third-party brokers and originators

B : Review loan documentation

C : Audit the third-party broker

D : Require the broker to establish a reserve account for legal contingencies

Answer: D

Question 2

Your institution has identified a transaction by an existing depositor that should be blocked underOFAC requirements. The branch manager contacts you for specific instructions. Before reporting thetransaction to OFAC, what should the bank do?

A : Reject the transaction

B : Process the transaction

C : Close the customer’s account

D : Place the funds in an interest-bearing account

Answer: D

Question 3

Which of the following interest-bearing accounts is EXEMPT from Form 1099 annual information reporting requirements under IRS regulations?

A : Time certificates of deposit

B : Money market deposit accounts

C : Individual retirement accounts

D : Negotiable order of withdrawal accounts

Answer: C

Question 4

First National’s consumer leasing department placed an ad in the local paper that pictured a car with the caption, “Sign a lease with us and pay only $275 per month.” What other information must this ad have?

A : A statement that the transaction is not a loan

B : The total amount due at consummation or delivery, the number of payments required, and any required security deposit

C : The bank’s policy regarding the purchase of the property by the lessee

D : Disclosures regarding required insurance

Answer: B

Question 5

First National Bank is a wholly owned subsidiary of Bank Holding Company, Inc.Which of the following companies is NOT an affiliate of First National Bank?

A : A company that owns 60 percent of Bank Holding Company, Inc.

B : A company of which First National owns 100 percent of the stock, set up solely to hold the title to the First National Bank building

C : A company established to sell securities and that is 100 percent owned by Bank Holding Company, Inc.

D : Another bank that is owned by Bank Holding Company, Inc.

Answer: B

Page: 1 / 93

Total 465 Questions | Updated On: May 23, 2026

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