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Exam CRCM topic 1 question 56 discussion

Actual exam question from ABA's CRCM
Question #: 56
Topic #: 1
[All CRCM Questions]

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. Lending to insiders
  • B. Disclosures of loans made to insiders
  • C. Both of these
  • D. None of these
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Suggested Answer: C 🗳️
by Cam22 at March 15, 2024, 1:39 a.m.

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Cam22
4 months ago
Selected Answer: C
Regulation O governs both the lending to insiders and requires disclosures of loans made to insiders. It encompasses both major areas to prevent insider lending abuse and ensure transparency and accountability in banking practices.
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