Definition of 'Credit Risk Certification'
A professional designation awarded by the Risk Management Association (RMA) to individuals who have worked in commercial credit and lending or loan review for at least five years, and who pass the five-hour, 126-question CRC exam and become active RMA members.
Successful applicants earn the right to use the CRC designation with their names, which can improve job opportunities, professional reputation and pay. Every three years, CRC professionals must complete 45 hours of continuing education to continue using the designation.
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