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Exam CRCM topic 1 question 281 discussion

Actual exam question from ABA's CRCM
Question #: 281
Topic #: 1
[All CRCM Questions]

Which of the following activities is NOT a permissible nonbanking activity?

  • A. Servicing mortgage loans
  • B. Providing general courier services to the businesses around the bank office
  • C. Providing mortgage loan data processing services to mortgage companies
  • D. Acting as a broker for credit life insurance
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Suggested Answer: B 🗳️

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Cam22
4 months ago
Selected Answer: B
Providing general courier services is not considered a permissible nonbanking activity for a bank. Permissible nonbanking activities typically involve financial services or activities closely related to banking operations. Options A, C, and D involve activities that are permissible nonbanking activities for banks
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