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CRCM Exam - Question 18


Under Interagency Guidance on Subprime Lending (1999) lending policy must:

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Correct Answer: D

Under the Interagency Guidance on Subprime Lending (1999), lending policies must comprehensively cover various aspects to ensure prudent and responsible lending practices. This includes being appropriate to the size and complexity of the operation, addressing the types of products offered and those not authorized, and requiring proper credit file documentation. Hence, 'All of these' is the correct answer as it encapsulates all these requirements.

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JessyJazz24Option: D
Apr 5, 2024

The company will grow and it will be a great

Cam22
Sep 15, 2024

Under the Interagency Guidance on Subprime Lending (1999), lending policies must be comprehensive and cover various aspects of the lending operation. This includes being appropriate to the size and complexity of the operation, addressing the types of products offered and those not authorized, and requiring proper credit file documentation. These measures are designed to ensure that lending practices are prudent, well-documented, and aligned with the institution's capabilities and risk management practices.