Credit unions Study guides, Class notes & Summaries

What type of agency exists because of the actions and behavior of the parties? Action agency Behavioral agency Express agency Implied agency - Answer-Implied agency Which entity ensures that contractors perform their work according to code by inspecting their job sites? City hall The attorney general The building department The secretary of state - Answer-The building department The secondary mortgage market is comprised of _________________________. FNMA, GNMA, FHLMC, & len...

HCAD 710 Test 6 Questions And Answers 2023 HCAD 710 Test 6 2023 before it becomes a problem - Correct answer-the best time to address a problem is prevention - Correct answer-should be practiced whenever possible improves morale - Correct answer-preventing problems before they begin reduces stress and visible attention - Correct answer-employee tardiness and absenteeism deserve a managers avoid problems - Correct answer-conscientious and common se...

You need to know who might protect you if you get ripped off. Who regulates and watches all this checking account and financial transaction stuff? - The Federal Reserve Bank (aka "The Fed") You probably won't ever deal with the Federal Reserve directly. - The Fed isn't actually a bank you can walk into and deposit your paycheck. It is the central bank of the United States, created and overseen by Congress. It provides our country with a safer, more flexible and more stable monetary and...

Real Estate Finance I-CHAMPIONS Latest Update 100% Pass The minimum downpayment on a VA loan is: (a) 2% of the sales price (b) 0% of the sales price (c) 3.75% of the sales price (d) 1% of the sales price B _________ is the process of creating a new mortgage loan. (a) Origination (b) Funding (c) Underwriting (d) Servicing * A A veteran can have more than one VA loan: (a) If the prior VA loan was paid in full and the property disposed of (b) The prior V...

REAL ESTATE FINANCE ICHAMPIONS EXAM QUESTIONS AND ANSWERS 2024 GRADED A+. 2 / 32 1. The minimum downpayment on a VA loan is: (a) 2% of the sales price (b) 0% of the sales price (c) 3.75% of the sales price (d) 1% of the sales price: B 2. is the process of creating a new mortgage loan. (a) Origination (b) Funding (c) Underwriting (d) Servicing *: A 3. A veteran can have more than one VA loan: (a) If the prior VA loan was paid in full and the property disposed of (b) The priorVA lo...

CUCE - NCUA Rules and Regulations | with complete solution UBIT - Unrelated Business Income Tax Federal credit unions are subject to what kind of federal, state, or local taxes under the Federal credit Union Act? - Federal credit unions are exempt from federal and state income taxes in franchise taxes but are subject to the same real property taxes and personal property taxes that are imposed other businesses. The central liquidity facility was established to address the economic condit...

What are the five pillars of an effective BSA/AML compliance program? - 1. Designation of a BSA compliance officer by the Board. 2. Provide for a system of internal controls to ensure ongoing compliance 3. Provide for independent testing to be conducted by credit union personnel or outside parties 4. Provide training for appropriate personnel 5. Appropriate risk-based procedures for conducting ongoing member due diligence Who all is required to receive BSA/AML training? - New staff, BSA C...

UGBA 135 - Personal Finance What is the definition of a millionaire? - correct answer Those who are financially independent, living the life they want to lead, and are able to take care of themselves without financial help from government sources for their entire adult lives. What should you do if you are a victim of credit card theft? - correct answer Credit card theft is when your credit card is missing or stolen. Contact the credit card issuer or bank immediately. Close the account immedi...

CHAPTER 1 ACCOUNTING IN ACTION CHAPTER LEARNING OBJECTIVES 1. Identify the activities and users associated with accounting. Accounting is an information system that identifies, records, and communicates the economic events of an organization to interested users. The major users and uses of accounting are as follows: (a) Management uses accounting information to plan, organize, and run the business. (b) Investors (owners) decide whether to buy, hold, or sell their financial interests on th...

Canadian Legal System Answer Federal - Powers of the Constitution Trade and Commerce (privacy), Criminal law, banking, national defense. Provincial - Division of Powers Civil and Property Rights (privacy), hospitals, education, municipalities Territorial - Usually fall under federal - do have some public sector privacy laws Canadian Laws anchored in OECD Principles Answer Accountability Purpose Specification Collection Limitation Use Limitation Data Quality Security Safeguards Op...