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Exam CRCM topic 1 question 75 discussion

Actual exam question from ABA's CRCM
Question #: 75
Topic #: 1
[All CRCM Questions]

Requirements""12 CFR 202.2, 202.4, 202.5, 202.6, and 202.13 say that a creditor may not request information about an application's race, color, religion, national origin, or gender except as specifically permitted by ____________or another statute such as the Home Mortgage Disclosure Act.

  • A. Regulation B
  • B. Regulation U
  • C. Regulation Z
  • D. Regulation A
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Suggested Answer: A 🗳️
by Cam22 at March 15, 2024, 2:25 a.m.

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Cam22
4 months ago
Selected Answer: B
Regulation B (12 CFR 202) governs equal credit opportunity, and it outlines the requirements regarding the collection of information related to an applicant's race, color, religion, national origin, or gender.
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