Regulatory Compliance Training Trivia Quiz! Test

10 Questions | Total Attempts: 116

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Regulatory Compliance Training Trivia Quiz! Test

Below is a regulatory compliance training trivia quiz! There are different laws, regulations, guidelines, and specifications put in place when it comes to business processes and for a business to succeed without threats of being closed by the law or injunctions. Do take this quiz and see what you know about some of the common regulations. All the best!


Questions and Answers
  • 1. 
    The compliance deadline for Regulation CC changes that created one check processing region was:
    • A. 

      January 1, 2010

    • B. 

      April 1, 2010

    • C. 

      February 26, 2010

    • D. 

      June 26, 2010

  • 2. 
    TRUE or FALSE.Through Community First Bank and Trust's Customer Identification Program, you are able to provide a Post Office Box as an acceptable form of address for a customer.
    • A. 

      TRUE

    • B. 

      FALSE

  • 3. 
    If a Business/Commercial customer is assessed a risk rating score of +15 to +29 they are considered to be:
    • A. 

      Low Risk

    • B. 

      Moderate Risk

    • C. 

      High Risk

    • D. 

      Extreme Risk

  • 4. 
    If a loan is classified as a Higher Priced Mortgage Loan, the customer is REQUIRED to:
    • A. 

      Close the loan.

    • B. 

      Escrow taxes and insurance.

    • C. 

      File a complaint.

    • D. 

      Sign a waiver.

  • 5. 
    The two regulations mentioned in the Advertising Compliance section of the training material are:
    • A. 

      Regulation A and B.

    • B. 

      Regulation C and CC.

    • C. 

      Regulation Z and X.

    • D. 

      Regulation D and Q.

  • 6. 
    CHOOSE THE BEST ANSWER.Individuals that excercise their rights under the American's with Disabilities Act shall not be:
    • A. 

      Retaliated against.

    • B. 

      Coerced.

    • C. 

      Intimidated.

    • D. 

      Threatened.

    • E. 

      All of the Above.

  • 7. 
    The Fair Labor Standards Act establishes the following for workers in the private sector and in Federal, State, and Local Governments:
    • A. 

      Minimum wage, Overtime pay, Recordkeeping, Full-time and Part-time workers.

    • B. 

      Maximum wage, Vacation pay, Pay raises.

    • C. 

      Holiday pay, Severence pay, Sick pay.

    • D. 

      Premium pay for weekend or holiday work.

  • 8. 
    The Four Fair Lending Laws are:
    • A. 

      Bank Secrecy Act, Regulation C, Regulation A, Fair Labor Standards Act.

    • B. 

      Unfair Deceptive Acts and Practices, Servicemember's Civil Relief Act, Gramm-Leach-Bliley Act, Regulation Z

    • C. 

      Fair Housing Act, Equal Credit Opportunity Act, Home Mortgage Disclosure Act, and Community Reinvestment Act

    • D. 

      None of the above.

  • 9. 
    Community First Bank and Trust is examined as a(n) _____________________ for the Community Reinvestment Act examination.
    • A. 

      Small Bank

    • B. 

      Intermediate Small Bank

    • C. 

      Large Bank

    • D. 

      Mega Bank

  • 10. 
    Minimal Security Devices are defined and addressed under the following Act:
    • A. 

      Bank Protection Act

    • B. 

      Bank Bribery Act

    • C. 

      Gramm-Leach-Bliley Act

    • D. 

      Code of Conduct/Ethics

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