Certified Regulatory Compliance Manager (CRCM) — Question 90

When developing a training plan for commercial lenders, which of the following regulations is least important to include?

Answer options

• A. Equal Credit Opportunity, FRS Regulation B
• B. Home Mortgage Disclosure, FRS Regulation C
• C. Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks, FRS Regulation O
• D. Truth in Lending Act, FRS Regulation Z

Correct answer: D

Explanation

The Truth in Lending Act, FRS Regulation Z, primarily focuses on consumer lending practices rather than commercial lending, making it less relevant for training commercial lenders. In contrast, the other regulations directly pertain to lending practices that are crucial for commercial lenders to understand and comply with in their operations.