Creditor ratio Study guides, Revision notes & Summaries

20 Hour SAFE Comprehensive Questions with Verified Answers The appraisal approach that is used as the best indicator of value for existing properties is __________ Market Data Approach Mortgage Loan originators who make cold calls must comply woth the requirements of the National Do-Not-Call rules. The loan originator needs to update any download of the registry at least every ___________ 31 days The Truth in Lending Act is contained in Title I of the ________ Consumer Credit Prote...

NMLS Exam Questions and Answers Fully solved The preferred debt-to-income ratio for applicants for VA loans is: A. 35% B. 43% C. 50% D. 41% D. 41% When would a license be suspended without a hearing? A. If a licensee fails to renew B. If a licensee fails to request a hearing with the state regulator C. If a licensee has failed to complete pre-licensing requirements D. If a licensee has already executed a right to a hearing for a previous violation B. If a licensee fails to requ...

budget variance. - the difference between the budgeted amount and the actual amount that you spend debt ratio - shows the relationship between debt and net worth. debt ratio - The lower the ratio the better off financially the person is. debt ratio - calculated by dividing liabilities by net worth excise tax - government imposes a tax on specific goods and services such as alcohol, cigarettes, gasoline, and airline capital gains - are profits made from the sale of capital assets s...

KY Life Insurance Exam Questions and Answers Graded A+ whether an insurable interest exists between the individuals if an applicant for a life insurance policy and person to be insured by the policy are two different people, the underwriter would be concerned about what pay a reduced death benefit an insured has had a life insurance policy that he purchased 3 years ago when he was forty years old. he is killed in an automobile accident and it is discovered that he is actually 45 years old, not ...

Types of Credit Used - ANSWER Student loan or credit cards only FAKO scores - ANSWER purchase score which are educational score Fair Credit Reporting Act FCRA - ANSWER what is in file/dispute/remove 30 days/remove bad 7 yrs/bk 10 yrs/access limited/damages from violators/state rights Fair and Accurate Credit Transactions Act FACTA - ANSWER free cbrs/fraud alert/truncate cc #s Fair Credit Billing Act (FCBA) - ANSWER dispute bill error/mail 60 days/creditor 30 days acknowledge and 90 d...

Real Estate- Maine Learning GroupEquitable Right of Redemption - correct answer The right of a defaulted borrower to redeem the property after foreclosure proceedings have begun & before the foreclosure sale by paying off the loan balance, plus interest until the day of payoff & costs. Written Policy Manual - correct answer Identifies & describes the types of real estate brokerage relationships in which the broker & affiliated licenses may engage. (Maine requirement) National Association o...

Name Clas Dat : s: e: CHAPTER 01—THE BUSINESS OF BANKING 1. A bank is a not-for-profit organization. a. b. True False False 1 BNKG.CFFT.3.LO: 1.1.1 - LO: 1.1.1 ANSWER: POINTS: LEARNING OBJECTIVES: 2. All federally chartered banks must be corporations. a. True ANSWER: POINTS: LEARNING OBJECTIVES: b. False True 1 BNKG.CFFT.3.LO: 1.1.1 - LO: 1.1.1 3. Commercial banks offer their services only to businesses. ANSWER: POINTS: LEARNING OBJECTIVES: 5. Issuing credit cards is ...

2024 Hud Final Exam Prep (Questions And Answers) Types of Credit Used - CORRECT ANSWER-Student loan or credit cards only FAKO scores - CORRECT ANSWER-purchase score which are educational score Fair Credit Reporting Act FCRA - CORRECT ANSWER-what is in file/dispute/remove 30 days/remove bad 7 yrs/bk 10 yrs/access limited/damages from violators/state rights Fair and Accurate Credit Transactions Act FACTA - CORRECT ANSWER-free cbrs/fraud alert/truncate cc #s Fair Credit Billing Act (FCBA...

Types of Credit Used - ANSWER Student loan or credit cards only FAKO scores - ANSWER purchase score which are educational score Fair Credit Reporting Act FCRA - ANSWER what is in file/dispute/remove 30 days/remove bad 7 yrs/bk 10 yrs/access limited/damages from violators/state rights Fair and Accurate Credit Transactions Act FACTA - ANSWER free cbrs/fraud alert/truncate cc #s Fair Credit Billing Act (FCBA) - ANSWER dispute bill error/mail 60 days/creditor 30 days acknowledge and 90 d...

BFIN 300 Midterm Exam Questions and Answers All Correct The process of planning and managing a firm's long-term investments is called: A. Capital Budgeting B. Working Capital C. Profit Maximization D. Capital Structure - Answer-A. Capital Budgeting Which of the following is an example of an indirect agency cost? A. Unnecessary corporate expenditure B. Management auditing expense C. A lost opportunity D. All the above - Answer-A. Unnecessary corporate expenditure Which of the followin...