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Exam CRCM topic 1 question 71 discussion

Actual exam question from ABA's CRCM
Question #: 71
Topic #: 1
[All CRCM Questions]

Securities credit covers credit subject to Section 7 of the Securities Exchange Act of 1934 or credit by a broker or dealer subject to regulation under the act. The following requirements of Regulation B do not apply EXCEPT:

  • A. Restrictions regarding information about a spouse or former spouse, marital status, or sex of the applicant
  • B. It is not payable by agreement in more than four installments
  • C. Provisions relating to furnishing credit information
  • D. Records retention requirements
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Suggested Answer: B 🗳️

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Dex24
7 months ago
B, page 104.
upvoted 1 times
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Cam22
8 months, 3 weeks ago
Selected Answer: B
The requirements of Regulation B apply to credit transactions for securities, including restrictions regarding information about a spouse or former spouse, marital status, or sex of the applicant, provisions relating to furnishing credit information, and records retention requirements.
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