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Exam CRCM topic 1 question 270 discussion

Actual exam question from ABA's CRCM
Question #: 270
Topic #: 1
[All CRCM Questions]

Martha Smith of First National Bank is attempting to close a large commercial loan to a manufacturing equipment company. In negotiating the interest rate on the loan Martha states that if the company will move some of its demand accounts to the bank, it could get a lower interest rate. Is this wrong?

  • A. Yes. It violates the anti-tying provisions.
  • B. Yes. It is a restraint of trade.
  • C. No, unless moving the accounts is a condition of the loan.
  • D. No. The bank may condition the loan on the customer placing a deposit in the bank.
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Suggested Answer: D 🗳️
by Cam22 at March 17, 2024, 2:47 a.m.

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Cam22
4 months ago
Selected Answer: A
Martha's statement to the manufacturing equipment company, indicating that they could receive a lower interest rate on the loan if they move some of their demand accounts to the bank, potentially violates anti-tying provisions. Tying is the practice of requiring a customer to purchase one product or service as a condition of purchasing another. It can violate antitrust laws, such as the Sherman Antitrust Act, by restricting competition.
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