ExamTopics Logo
Mail Us[email protected]
Menu
Aba Discussions
exam questions

Exam CRCM All Questions

View all questions & answers for the CRCM exam
Go to Exam

Exam CRCM topic 1 question 20 discussion

Actual exam question from ABA's CRCM
Question #: 20
Topic #: 1
[All CRCM Questions]

Which of the following usually comes under the heading of abusive lending?

  • A. Abusive lending usually is defined by a variety of lending practices
  • B. It is the excessive and hidden fees in the amount financed
  • C. A fundamental characteristic is aggressive marketing of credit to prospective borrowers who cannot repay it on the terms offered
  • D. Typically, such loans are underwritten on the liquidation value of the collateral rather than the creditworthiness of the borrower
Show Suggested Answer Hide Answer
Suggested Answer: ACD 🗳️
by JessyJazz24 at Oct. 4, 2023, 10:51 p.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
Cam22
4 months ago
Selected Answer: C
This option directly addresses a core aspect of abusive lending practices, where lenders aggressively market loans to individuals who are unlikely to be able to repay the loans under the terms being offered. This practice can exploit vulnerable borrowers and lead to financial hardship.
upvoted 1 times
...
JessyJazz24
9 months, 2 weeks ago
Selected Answer: ABD
The loans will decrease never spend much be causes
upvoted 1 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel
exam
Someone Bought Contributor Access for:
SY0-701
London, 1 minute ago