Certified Regulatory Compliance Manager (CRCM) — Question 69

Securities credit covers credit subject to Section 7 of the Securities Exchange Act of 1934 or credit by a broker or dealer subject to regulation under the act. The following requirements of Regulation B do not apply EXCEPT:

Answer options

• A. Restrictions regarding information about a spouse or former spouse, marital status, or sex of the applicant
• B. It is not payable by agreement in more than four installments
• C. Provisions relating to furnishing credit information
• D. Records retention requirements

Correct answer: B

Explanation

The correct answer is B because Regulation B states that certain loans must not be structured for repayment in more than four installments, which is a specific requirement. The other options either outline restrictions that do not apply or pertain to different aspects of Regulation B that are not exceptions.