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Exam CRCM topic 1 question 44 discussion

Actual exam question from ABA's CRCM
Question #: 44
Topic #: 1
[All CRCM Questions]

In Advertising-12 CFR 213.7, if a percentage rate is used in an advertisement, it cannot be more prominent than any other disclosure, EXCEPT:

  • A. For the warning regarding the limitation of the rate as a measurement of cost
  • B. For beginning at least 3 days before and ending at least 10 days after the broadcast
  • C. For required disclosures in advertisements
  • D. For an advertisement accessed in electronic form
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Suggested Answer: A 🗳️

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Cam22
4 months ago
Selected Answer: C
When advertising under 12 CFR 213.7, if a percentage rate is used, it must not be more prominent than any required disclosures in the advertisements. This rule ensures that consumers receive a balanced view of the leasing offer, with all necessary information presented in a way that does not unduly emphasize the percentage rate over other important details and disclosures.
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Cam22
4 months ago
Selected Answer: C
When advertising under 12 CFR 213.7, if a percentage rate is used, it must not be more prominent than any required disclosures in the advertisements. This rule ensures that consumers receive a balanced view of the leasing offer, with all necessary information presented in a way that does not unduly emphasize the percentage rate over other important details and disclosures.
upvoted 1 times
...
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