CRCM - Certified Regulatory Compliance Manager Practice Test
CRCM Fair Lending and Equal Credit Opportunity 2
What does the Community Reinvestment Act (CRA) require of depository institutions?
Select your answer
A
They must offer mortgages to all applicants regardless of creditworthiness
B
They must meet the credit needs of their entire community, including low- and moderate-income areas
C
They must donate 1% of profits to community organizations
D
They must maintain branches in rural areas
Hint
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