Salesforce Exam 201-Commercial-Banking-Functional Topic 1 Question 41 Discussion

Actual exam question for Salesforce's Salesforce nCino 201 Commercial Banking Functional Exam exam

Question #: 41
Topic #: 1

[All Salesforce nCino 201 Commercial Banking Functional Exam Questions]

Covenants are automatically marked active when:

AThe loan is paid off

B30 days before the Next Evaluation Date

CThe Loan is Booked

Show Suggested Answer

Suggested Answer: C

by Emelda at Jul 05, 2024, 11:11 AM

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Armando

10 days ago

C, all the way. Covenants are like the spicy salsa of the loan world - you gotta have 'em from the very beginning!

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Sherly

11 days ago

B, for sure. 30 days before the evaluation date seems like the perfect time to activate those covenants. Gotta stay on top of that stuff, you know?

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Oneida

12 days ago

This question is making my head spin. I'm just going to guess and hope for the best. Maybe I should have studied more...

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Evangelina

13 days ago

I'm gonna have to go with A. What's the point of a covenant if it's not active until the loan is paid off? That's just silly.

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Rene

14 days ago

Definitely C. The covenants are marked active when the loan is booked, not when it's paid off or before the evaluation date. Easy peasy!

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Alex

21 hours ago

I agree, it's definitely C. The covenants are marked active when the loan is booked.

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Elke

1 months ago

That's true, it could be that option as well. It depends on the specific terms of the loan agreement.

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Lang

1 months ago

Hmm, I'm not sure about this one. I want to say C, but I could be wrong. Guess I need to review my loan covenant knowledge.

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Yaeko

23 days ago

C) The Loan is Booked

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Reena

25 days ago

B) 30 days before the Next Evaluation Date

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Arthur

27 days ago

A) The loan is paid off

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Cyndy

1 months ago

But the answer options include 30 days before the Next Evaluation Date too.

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Elke

1 months ago

I believe it's when the loan is booked.

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Arlie

1 months ago

I think it's B. The covenants are marked active 30 days before the Next Evaluation Date. That makes the most sense to me.

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Felicidad

27 days ago

Actually, I think it's C. The covenants are marked active when the loan is booked, not 30 days before the evaluation date.

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Veronica

28 days ago

I agree, I think it's B as well. It gives enough time to review and prepare for the evaluation.

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Cyndy

1 months ago

I think covenants are marked active when the loan is paid off.

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