[2026] IFPUG CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM)

문제1

Regulation O both restricts lending to insiders and requires that certain loans to insiders be disclosed. Each banking agency has adopted the provisions of Regulation O for administrative enforcement purposes. These were not found to be useful in preventing insider lending abuse. Regulation O governs which of the following areas major areas:

A. Both of these

B. Lending to insiders

C. Disclosures of loans made to insiders

D. None of these

정답: A

문제2

Which of the following primary purpose/s were behind the Electronic Fund Transfer Act (EFTA)?

A. To provide consumers with limitations on liability for unauthorized electronic fund transfers

B. Both A and B

C. To provide disclosures to consumers who use electronic fund transfer (EFT) systems

D. None of these

정답: B

문제3

Which of the following bank products is NOT subject to the disclosure provisions of the Interagency Statement on Retail Sales of Nondeposit Investment Products?

A. Mutual funds

B. Fixed-rate annuities

C. Variable-rate annuities

D. Variable-rate savings accounts

정답: D

문제4

What may a creditor do when furnishing credit information?

A. Must designate accounts to show participation by both spouses if both are liable

B. Must designate accounts to show all parties, including guarantors

C. Must designate accounts as specified by the parties

D. May designate accounts in any manner that is convenient and reasonable

정답: A

문제5

Regulation B defines "elderly" as having attained an age of how many years?

A. 70(1/2)

B. 62

C. 59(1/2)

D. 55

정답: B

문제6

ABC Co. signs a contract to export goods to Country G, a boycotting country. Payment will be made by a letter of credit confirmed by First National Bank. The letter of credit requires the goods to be shipped on a ship eligible to enter the port of Country G in conformity with its laws and regulations and that the insurer of the goods has an agent in Country G.
Country G's laws prohibit blacklisted ships from calling at its ports and blacklisted insurance companies from qualifying agents in Country G.
First National Bank confirms the letter of credit. Did the bank's action constitute an agreement to participate in or cooperate with an international boycott, and is it subject to IRS reporting requirements?

A. Yes. The action is an agreement to participate in a boycott but no, it is not subject to the reporting requirements.

B. No. Because the bank is not responsible for knowing the laws of Country G, it is not in participation with or in cooperation with a boycott.

C. No. The confirmation of a letter of credit is not sufficient to be in participation or cooperation with a boycott.

D. Yes. The action is an agreement to cooperate with or participate in a boycott and, yes, it is subject to the reporting requirements.

정답: D

문제7

Under Consumer Leasing Act Enforcement-15 USC 1667d section FIRREA penalties include:

A. Penalties up to $37,500 per day if violations or unsafe or unsound practices are engaged in recklessly or are part of a pattern of misconduct that causes more than a minimal loss to the bank or any pecuniary gain to the parties involved

B. Penalties up to $1,375,000 per day against persons who knowingly commit a violation and knowingly or recklessly cause a substantial loss to the bank or a substantial benefit to the party

C. Penalties up to $9,500 per day for violations of laws and regulations

D. Penalties up to $8,500 per day for violations of laws and regulations

정답: A,D

문제8

A national bank may make a loan to an affiliated mortgage company that is 100 percent owned by the same bank
holding company,
if the aggregate amount of all covered transactions of the national bank and its subsidiaries does not exceed a certain percentage of capital and surplus of the national bank. What is that percentage?

A. 15 percent

B. 25 percent

C. 10 percent

D. 20 percent

정답: D

문제9

First National Bank has several exempt customers.
Alpha is an exempt person because its stock is listed on a major stock exchange.
Beta is an exempt person because it meets the nonlisted customer requirements.
Zeta is exempt because it is a payroll customer.
For which customer(s) must the bank conduct an annual review to determine its continuing eligibility to be exempt from CTR filings?

A. Beta and Zeta

B. Beta

C. Alpha

D. Zeta

정답: A

문제10

First National Bank has made a loan to Mr. Good, secured by margin stock, to purchase margin
stock. He trades stocks
frequently, makes
substitutions on loan
collateral regularly, and sometimes withdraws collateral and does not replace it. Must FNB ensure that margin requirements are met after every substitution and withdrawal?

A. No. If the margin requirements were met when the loan was made, there are no further requirements.

B. No. The bank is only required to ensure that withdrawals do not violate margin requirements; collateral substitutions are not covered.

C. No. In this case the margin requirement must be met only when the loan is renewed.

D. Yes. The margin requirements must be met at all times.

정답: D

문제11

Margin stock includes:

A. Securities issued by a investment company registered under the Investment Company Act, except for: A company licensed under the Small Business Investment Company Act A company that has at least 95 percent of its assets continuously invested in exempted securities; or A company that issues face-amount certificates; or A company that is considered a money market fund under the SEC Rules

B. Over-the-counter (OTC) securities that do not qualify for trading in the National Market System

C. Equity securities registered or having delisted trading privileges on a national securities exchange:

D. Warrants or rights to subscribe to or purchase a common stock

정답: A

문제12

The BSA officer has just been notified by the chief operations officer that, due to a glitch in the bank's OFAC interdiction software, wires have been regularly transmitted to a bank on the SDN list. Based on the OFAC Enforcement Guidance, what should the BSA Officer do FIRST to attempt to mitigate any penalties?

A. Investigate the customer who sends these wires

B. Stop and hold all wires to the bank on the SDN list

C. Self-report the activity to OFAC

D. Review the OFAC wire policies and procedures to determine how the errors occurred

정답: B

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