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Exam CRCM topic 1 question 46 discussion

Actual exam question from ABA's CRCM
Question #: 46
Topic #: 1
[All CRCM Questions]

_____________ requires that a statement of purpose be obtained from borrowers whose loans are to be greater than $100,000 and that will be secured by margin stock. Loans made for the purpose of purchasing margin stock are subject to additional limitations

  • A. Regulation U
  • B. Regulation V
  • C. Regulation Z
  • D. Regulation X
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Suggested Answer: A 🗳️
by Cam22 at March 15, 2024, 1:22 a.m.

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Cam22
4 months ago
Selected Answer: A
Regulation U requires lenders to obtain a statement of purpose from borrowers for loans exceeding $100,000 that will be secured by margin stock. It also imposes additional limitations on loans made for the purpose of purchasing margin stock.
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