Loan repayment - Study guides, Class notes & Summaries

CRCM Questions And Answers With Verified Study Solutions In which of the following transactions is a disclosure statement to the consumer required? ANS A $125,000 loan to purchase and secured by an unimproved lot on which the borrower eventually plans to build a home for retirement Which of the following charges is generally to be a prepaid finance charge? ANS Points paid by the borrower in cash at closing Which of these transactions requires the earliest disclosure? ANS A $200,000 loa...

Dave Ramsey Personal Finance Exam with Complete Solutions consumer a person or organization that uses a product or service credit the granting of a loan and the creation of debt; any form of deferred payment debt an obligation of repayment owed by one party to a second party; in most cases this includes repayment of the original loan amount plus interest economy a system by which goods and services are produced and distributed financial literacy the knowledge and skillset nece...

business cycle CORRECT ANSWER the repeated rise and fall of economic activity over time business plan CORRECT ANSWER a written description of a new business venture that describes all aspects of the proposed agribusiness- ness; it helps you focus on exactly what you want to do, how you want to do it, and what you expect to accomplish business survey CORRECT ANSWER a survey that a business conducts to determine the market potential for a selected business capital CORRECT ANSWER goods use...

Abstract of Title - Answer- A condensed history or summary of all transactions affecting a particular tract of land. Acceleration clause - Answer- A condition in a real estate financing instrument giving the lender the power to declare all sums owing lender immediately due and payable upon the happening of an event, such as sale of the property, or a delinquency in the repayment of a note. Accession - Answer- An addition to property through the efforts of man or by natural forces. Accre...

QUESTION 1 1.1 Discuss the relevant section of the Companies Act 71 of 2008 that appears to be a codification of the common-law Turquand rule and highlight the similarities and the differences between the provisions of that particular section and the common-law Turquand rule. (10) 1.2 David is a non-executive director and chairperson of Free State Airlines SOC Ltd, a company that operates commercial flights between Johannesburg and Bloemfontein. David is also one of the major shareholders ...

ALL OF DAVE RAMSEY LATEST UPDATE GRADED A+ consumer a person or organization that uses a product or service credit the granting of a loan and the creation of debt; any form of deferred payment debt an obligation of repayment owed by one party (debtor/borrower) to a second party (creditor/lender); in most cases this includes repayment of the original loan amount plus interest economy a system by which goods and services are produced and distributed financial literacy the knowle...

Which of the following is part of RECA's commitment to consumer protection? - AnswerWhat are some benefits that mortgage brokerage trade associations offer their members? - Answer- Licensing Standards for mortgage industry members Which entity has the authority to amend the Act? - Answer- Provincial Legislators Which of the following represents an accountability mechanism that RECA must comply with under the Act? - Answer- Previous Fiscal year In addition to mortgage brokerage trade associ...

Fundamentals of Investing, 14e (Smart/Zutter) Chapter 1 The Investment Environment 1.1 Learning Goal 1 1) A non-interest bearing checking account is still considered an investment. Answer: FALSE Learning Outcome: F-12 Discuss the implications of systematic risk in financial markets and its role in shaping investment choices AACSB: Analytical thinking Question Status: Previous Edition Learning Goal: Learning Goal 1 2) Land and buildings are examples of real property investments. Ans...

consumer - Answer-a person or organization that uses a product or service credit - Answer-the granting of a loan and the creation of debt; any form of deferred payment debt - Answer-an obligation of repayment owed by one party to a second party; in most cases this includes repayment of the original loan amount plus interest economy - Answer-a system by which goods and services are produced and distributed financial literacy - Answer-the knowledge and skillset necessary to be an informed con...

It is important to make them feel __________ and __________ - Correct answercomfortable and welcomed __________ prompt someone to explore and analyze their emotions and feelings - Correct answer-Open-ended question __________ collect factual information - Correct answer-Closed-ended question Give __________ for responses time - Correct answer-time Questions should be asked in a ___________________________ way - Correct answer-non-judgmental It is important to ________________ your mentor...