For Expert help and assignment handling,
1
CRCM Questions and Answers (100% Correct
Answers) Already Graded A+
What are banks exempt from CRA? Ans: Special purpose or limited
scope banks: Trust banks, correspondent, clearing agencies, banks that
only support 1 product (i.e. credit cards)
Lending Test for Small Banks Ans: · Loan to deposit ration
© 2026 Assignment Expert
· Distributions of loans focused on borrower's income
Guru01 - Stuvia
· Distribution of loans based on assessment area
· Complaints
Community Development Test for intermediate small Bank Ans: ·
Community Development loans
· Affordable housing
· Community Service targeted to LMI
· Economic development targeted of businesses and farms
· Revitalizing the community after disaster occurs
Community Development Loan Ans: Benefits the assessment area or
regional area including AA.
,For Expert help and assignment handling,
2
· Borrowers that rehabilitate or construct affordable housing
(construction and permanent financing)
· Non-profit serving LMI housing dev needs
· Borrowers who construct or rehabilitate community facilities in LMI
· Financial intermediaries, community loan funds, credit unions to lend or
promote community development.
© 2026 Assignment Expert
· Local, state, tribal comm. Dev. Activities
· Environmental cleanup
Guru01 - Stuvia
· Business loans greater than 1mil SBA 504 loan
*Not a Home mortgage, small business, small farm, consumer loan, unless
the loan is for multi family dwelling and benefits the area. (except when
it comes to wholesale and LP)
Qualified Investment Ans: Lawful investment, deposit, membership
share, or grant that has as its primary purpose community development.
Lending Test for Large Bank Ans: 1. Lending activity: Number of loans for
home mortgages, small business, small farm, and consumer loans
2. Geographic distribution
· Proportion of lending in assessment area
, For Expert help and assignment handling,
3
· Dispersion of lending in assessment area
· Number of loans in LMU geographies
3. Borrower characteristics and dispersion of loans based on borrower
4. Community Development Lending: # of CM loans complexity and
innovativeness
© 2026 Assignment Expert
5. Innovative or flexible lending practices
6. Affiliate and 3rd party lending
Guru01 - Stuvia
Investment Test Ans: 1. $ amt of investments
2. Innovativeness or complexity
3. Responsiveness to credit needs
4. Degree to which investments are not routinely provided to private
investors
Limited Purpose Bank Ans: A bank that offers only a narrow product line
such as credit card or motor vehicle loans to a regional or broader
market. Should be testing only under community development test.
Wholesale Bank Ans: A bank that is not in the business of extending
home mortgages, small business or farm loans, or consumer loans.
1
CRCM Questions and Answers (100% Correct
Answers) Already Graded A+
What are banks exempt from CRA? Ans: Special purpose or limited
scope banks: Trust banks, correspondent, clearing agencies, banks that
only support 1 product (i.e. credit cards)
Lending Test for Small Banks Ans: · Loan to deposit ration
© 2026 Assignment Expert
· Distributions of loans focused on borrower's income
Guru01 - Stuvia
· Distribution of loans based on assessment area
· Complaints
Community Development Test for intermediate small Bank Ans: ·
Community Development loans
· Affordable housing
· Community Service targeted to LMI
· Economic development targeted of businesses and farms
· Revitalizing the community after disaster occurs
Community Development Loan Ans: Benefits the assessment area or
regional area including AA.
,For Expert help and assignment handling,
2
· Borrowers that rehabilitate or construct affordable housing
(construction and permanent financing)
· Non-profit serving LMI housing dev needs
· Borrowers who construct or rehabilitate community facilities in LMI
· Financial intermediaries, community loan funds, credit unions to lend or
promote community development.
© 2026 Assignment Expert
· Local, state, tribal comm. Dev. Activities
· Environmental cleanup
Guru01 - Stuvia
· Business loans greater than 1mil SBA 504 loan
*Not a Home mortgage, small business, small farm, consumer loan, unless
the loan is for multi family dwelling and benefits the area. (except when
it comes to wholesale and LP)
Qualified Investment Ans: Lawful investment, deposit, membership
share, or grant that has as its primary purpose community development.
Lending Test for Large Bank Ans: 1. Lending activity: Number of loans for
home mortgages, small business, small farm, and consumer loans
2. Geographic distribution
· Proportion of lending in assessment area
, For Expert help and assignment handling,
3
· Dispersion of lending in assessment area
· Number of loans in LMU geographies
3. Borrower characteristics and dispersion of loans based on borrower
4. Community Development Lending: # of CM loans complexity and
innovativeness
© 2026 Assignment Expert
5. Innovative or flexible lending practices
6. Affiliate and 3rd party lending
Guru01 - Stuvia
Investment Test Ans: 1. $ amt of investments
2. Innovativeness or complexity
3. Responsiveness to credit needs
4. Degree to which investments are not routinely provided to private
investors
Limited Purpose Bank Ans: A bank that offers only a narrow product line
such as credit card or motor vehicle loans to a regional or broader
market. Should be testing only under community development test.
Wholesale Bank Ans: A bank that is not in the business of extending
home mortgages, small business or farm loans, or consumer loans.
