Certified Regulatory Compliance Manager (CRCM) — Question 128

ACME National Bank has a Web site that lists the bank's products and services. On its consumer loan page it lists debt cancellation contracts as an available product. What other disclosure must the bank place on this Web page?

Answer options

• A. None. Because it only lists the product, nothing else is required.
• B. The short-form disclosures must be on the page.
• C. The short-form disclosures must be available by a conspicuous link on the page.
• D. The long-form disclosures must be on the page.

Correct answer: A

Explanation

The correct answer is A because the bank is only required to list the product without any additional disclosures. Options B and C suggest that short-form disclosures are necessary, which is not the case here. Option D incorrectly states that long-form disclosures must be present, which is also not required for merely listing the product.