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Exam CRCM topic 1 question 136 discussion

Actual exam question from ABA's CRCM
Question #: 136
Topic #: 1
[All CRCM Questions]

ACME National Bank has a Web site that lists the bank's products and services. On its consumer loan page it lists debt cancellation contracts as an available product. What other disclosure must the bank place on this Web page?

  • A. None. Because it only lists the product, nothing else is required.
  • B. The short-form disclosures must be on the page.
  • C. The short-form disclosures must be available by a conspicuous link on the page.
  • D. The long-form disclosures must be on the page.
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Suggested Answer: A 🗳️

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Cam22
4 months ago
Selected Answer: B
Based on these considerations, the most appropriate and user-friendly approach that balances the need for disclosure with website usability is C. The short-form disclosures must be available by a conspicuous link on the page. This option ensures that consumers have easy access to essential information about debt cancellation contracts in a manner that does not overwhelm or confuse at the initial stage of product exploration.
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