What Obligation Does a Bank Have to Disclose a Covered

question 226

Multiple Choice

What obligation does a bank have to disclose a covered CRA agreement 40 months after it terminates?

• A) It must maintain a copy in its CRA public file.
• B) It must send a copy to its regulatory agency upon request.
• C) It must send a copy to a member of the public upon request.
• D) It has no obligation to disclose these covered CRA agreements.

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Definitions:

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A progressive neurological disorder that results in the degeneration and death of brain cells, leading to memory loss, cognitive decline, and personality changes.

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