Practice Test GeeksCRCM - Certified Regulatory Compliance Manager Practice Test
← All CRCM Flashcard Decks

Certified Regulatory Compliance Manager MCQ Flashcards

7 cards from real CRCM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Certified Regulatory Compliance Manager MCQ flashcards as text

  1. Under the Real Estate Settlement Procedures Act (RESPA), which section prohibits kickbacks and unearned fees in connection with federally related mortgage loans?

    Answer: Section 8

    RESPA Section 8 prohibits giving or accepting fees, kickbacks, or anything of value in exchange for referrals of settlement service business.

  2. The Military Lending Act (MLA) caps the Military Annual Percentage Rate (MAPR) for covered loans to active-duty servicemembers at:

    Answer: 36%

    The MLA imposes a 36% MAPR cap on consumer credit extended to covered active-duty servicemembers and their dependents.

  3. Which of the following is NOT a required element of an effective compliance management system (CMS) as described by the CFPB?

    Answer: Annual third-party vendor audits

    The CFPB's four CMS elements are board/management oversight, compliance program, consumer complaint response, and compliance audit — not specifically annual third-party vendor audits.

  4. Under the Home Mortgage Disclosure Act (HMDA), which type of institution is generally required to report HMDA data?

    Answer: Depository institutions meeting asset and loan volume thresholds in metropolitan statistical areas

    HMDA coverage depends on asset size, loan volume thresholds, and geographic location in or near an MSA for depository institutions.

  5. A compliance officer at a credit union is reviewing a member's loan file and finds no documentation of income verification. This most likely violates which regulatory requirement?

    Answer: Ability-to-Repay (ATR) rule under Regulation Z

    The ATR rule requires lenders to make a reasonable, good-faith determination of the consumer's ability to repay based on verified income and other financial information.

  6. Under the Servicemembers Civil Relief Act (SCRA), what is the interest rate cap applied to pre-service debts of active-duty servicemembers?

    Answer: 6%

    The SCRA caps interest rates on debts incurred before active military service at 6% per year for the duration of the active-duty period.

  7. The purpose of a risk-based compliance monitoring program is primarily to:

    Answer: Concentrate monitoring resources where the risk of harm is greatest

    Risk-based monitoring allocates compliance resources to areas with the highest potential for regulatory violations and consumer harm.

How this page was made: written with AI tools and published by Nathan Beja, founder of Practice Test Geeks, who is responsible for its content. Exam facts are checked against the official sources listed below. Not reviewed by a subject-matter expert. Editorial policy

Sources & references

Exam facts on this page (fees, format, dates, passing scores) are checked against these official sources; the date is our last check. Editorial policy

  1. aba.com — Score validity, test delivery, fees, registration deadline, retake fee, retake policy, test dates, exam format, passing score, score release · verified Oct 2026