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Exam CRCM topic 1 question 130 discussion

Actual exam question from ABA's CRCM
Question #: 130
Topic #: 1
[All CRCM Questions]

What is the longest time after board approval that a bank can approve a line of credit for an executive officer?

  • A. 12 months of such approval
  • B. 9 months of such approval
  • C. 14 months of such approval
  • D. 6 months of such approval
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Suggested Answer: C 🗳️

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Cam22
4 months ago
Selected Answer: C
C is correct
upvoted 1 times
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