CRU Study Guide 2026
Everything you need to pass the CRU exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 CRU Exam Format at a Glance
📚 CRU Topics to Study (69)
✍️ Sample CRU Questions & Answers
1. Under FCRA, a credit bureau must investigate and respond to a consumer's dispute of credit report information within:
FCRA requires credit bureaus to complete their investigation of a consumer dispute within 30 days, extended to 45 days if the consumer provides additional information.
2. Which of the following actions by a lender would constitute a violation of the Equal Credit Opportunity Act (ECOA)?
ECOA prohibits creditors from discriminating against applicants based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance.
3. When calculating qualifying income for an hourly employee who works variable hours, the underwriter should:
Variable income for hourly workers should be averaged over two years to account for fluctuations in hours worked.
4. In residential mortgage portfolio management, what is the purpose of maintaining a 'watch list'?
A watch list flags loans with emerging risk indicators—such as increasing LTV, borrower financial stress, or early delinquency—so management can intervene before losses occur.
5. A lender receives a mortgage application. Under Regulation B (ECOA), within how many days must the lender notify the applicant of the credit decision?
Regulation B requires creditors to notify applicants of credit decisions within 30 days of receiving a completed application.
6. Which of the following best describes 'effective age' in a residential appraisal?
Effective age reflects how old the property appears functionally and physically, which may differ from its actual chronological age.