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FDIC TE Set 400 Study Exam Questions and Answers 100% Pass
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FDIC TE Set 400 Study Exam Questions and Answers 100% Pass IAP (Institution Affiliated Party) Restrictions - Section 19 - ANSWER- Section 19 prevents without prior FDIC consent a person convicted of (or pretrial diversion of) crime involving: dishonesty breach of trust money laundering from...

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  • November 26, 2024
  • 28
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • fdic te set 400 study exam questions and answers 1

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FDIC TE Set 400 Study Exam
Questions and Answers 100% Pass


IAP (Institution Affiliated Party) Restrictions - Section 19 - ANSWER✔✔-

Section 19 prevents without prior FDIC consent a person convicted of (or

pretrial diversion of) crime involving:


dishonesty


breach of trust


money laundering




from becoming or continuing as IAP, owning/controlling a bank or

otherwise participating in bank affairs.




Application to continue to serve not required for if all:




Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 1/28

,only one conviction for covered offense


offence did not involve bank/CU


Punishable by 1 yr or less jail and or fine <$1M and no time served


Conviction at least 5 years prior




Writing bad checks will be included if total amount of checks was $1M or

less and no bank was payee


Section 8(e) action may be taken only when it is determined after notice

and hearing that: - ANSWER✔✔-1. The IAP has violated any law or

regulation, any final C&D orer, any condition imposed in writing for

application, any written agreement, participated in any unsafe and

unsound practice OR breached fiduciary duty AND


2. by reason of above, IDI has or will probably suffer financial loss,

interests of depositors prejudiced OR party has received financial

gain/benefit AND


3. violation involves personal dishonesty on the part of IAP or

demonstrates willful or continuing disregard for S&S of institution.
Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 2/28

, Call Report Fines - ANSWER✔✔-Tier 1 - $519/day for first 15 days late,

$1,039/day 16+.


For banks <$25MM $173/day to $346M or 1/500th of TA




Increase @ 2nd offense in 5 preceding quarters


865 for 1st 15 days, $1,731/day. <$250M 1/500th then 1/250th


False or misleading - Tier 1 - not more than $3,787/day


Tier 2 - $37,872/day


Tier 3 lesser of $1,893,610 or 1% of TA/day


CMP recommendations should only be initiated when the finable violation

is believed ot meet the test of gravity, incl consideration of the 12 factors,

and the existence of any one of the following criteria: - ANSWER✔✔-The

violations causes the bank to suffer substantial financial loss




The violations are will, flagrant, or otherwise evidence bad faith on the part

of bank/individual


Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 3/28

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