Certified Regulatory Compliance Manager (CRCM) — Question 264

Which of the following activities is NOT a permissible nonbanking activity?

Answer options

• A. Servicing mortgage loans
• B. Providing general courier services to the businesses around the bank office
• C. Providing mortgage loan data processing services to mortgage companies
• D. Acting as a broker for credit life insurance

Correct answer: B

Explanation

The correct answer is B because providing general courier services does not align with permissible nonbanking activities related to banking operations. The other options, such as servicing mortgage loans and providing data processing services, are directly related to banking functions and are therefore allowed.