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CRCM Exam - Question 125


What is the longest time after board approval that a bank can approve a line of credit for an executive officer?

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Correct Answer: A

The longest time after board approval that a bank can approve a line of credit for an executive officer is 12 months. This is based on common financial regulatory standards which generally set the limit for such approvals to one year.

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Cam22Option: C
Mar 16, 2024

C is correct