exam questions

Exam CRCM All Questions

View all questions & answers for the CRCM exam

Exam CRCM topic 1 question 107 discussion

Actual exam question from ABA's CRCM
Question #: 107
Topic #: 1
[All CRCM Questions]

What insurance disclosures are required in the lease disclosure statement?

  • A. The types and amounts of coverage provided by the lessor and the cost to the lessee
  • B. The types, amounts, and estimated costs of recommended coverage even if not provided or paid by the lessor
  • C. The cost to the lessee NOTES
  • D. No insurance disclosures are required
Show Suggested Answer Hide Answer
Suggested Answer: A 🗳️

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Cam22
4 months ago
Selected Answer: A
In most jurisdictions, lease agreements, especially those related to real estate and automobiles, often require the lessor (the party leasing out the property) to disclose information regarding insurance coverage that is provided as part of the lease. This typically includes:
upvoted 1 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel
Loading ...
exam
Someone Bought Contributor Access for:
SY0-701
London, 1 minute ago