95 mortgage loan originator is permitted toreceive compensation for a closed mortgageloan in which of the folloving ways?A) Terms of the transaction - higher interest rateD) Terms of the transaction - interest onlymortgage loanC Directly from the consumer at closingD) Directly from the consumer and from theseller's agent at closing

A) Terms of the transaction - higher interest rate: Mortgage loan originators can receive…

Answered: 95 mortgage loan originator is…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

12 The appraiser valuation Independence obligates appraisers to perform their duties in a manner free from outside influence through which of the actions. A) Encouraging a target value B) withholding payment from an appraiser C) Asking the appraiser to substantiate a value D) Communication directly between the loan officer and the appraiser
Illinois Accident and Health Producer General - Shayaan Shaikh Offer, acceptance, and consideration are necessary elements of: OA. OB. OC. OD. a warranty a representation a contract insurable interest Time Remaining Flag fo
which type of deed provides a gurantee by the grantor that the grantor did not place any clouds of title or encumbrance on teh property? 1. quitclaim 2. bargain and sale 3. limitted warranty 4. General warranty
A fitness club gives clients free month after they have paid for eleven months. Approximately half of their clients remain with the club long enough to take advantage of this offer? Required: a. Define the term “liability.” Then explain whether the free month offer results in a liability for the fitness club. b. Explain what makes a liability “current.” Then explain whether the free month results in a current liability for the fitness club. c. Define the term “contingent liability.” Then explain whether the free month results in a contingent liability for the fitness club.
subject; accouting
Explain what is meant by caveat emptor ?
51 Which of the following actions should a mortgage loan originator (MLO) take if she determines a borrowers failed to disclose a loan on a rental home is refinancing A) Decline the loan B) Report the existing mortgage to the local registry C) Report the loan to the underwriter and management D) Ignore it because the loan will show on the title report
Non-forfeiture provisions are included in whole life and endowment policies to assure the policyowner that certain minimum policy benefits shall remain with him even under certain changed conditions. Non-forfeiture values guarantee to the policyowner that A) No death claim will be denied for any misstatement on the application B) Any guaranteed policy values will belong to the policy owner even if premium payments are discounted The face amount of the policy will remain the same even if the insured's health becomes impaired The premium on the policy will remain the same even when another beneficiary D) is added to the policy
1.What is risk management information system? Identify its benefits. 2.Explain the legal distinction between an agent and a broker.
chapter 4 6. A retailer in Atlanta ordered a shipment of shoes totaling $15,800 from a vendor in California. The shipping cost was $220. The shoes were shipped FOB Atlanta; charges reversed. The shoe vendor gave the retailer a 1% damage allowance. How much did the retailer pay the vendor for the shoes? (Present your answer with a comma separator, dollar-sign, and rounded to the penny (i.e. $1,234.56).)
1657739 Florida law requires an entity to obtain what document from the Office of Insurance Regulation (OTR) prior to tra OA. Business license. Certificate of authority Insurance certificate Evidence of reinsurance B. O C. O D.
Which of the following policy provisions specifies that, if an insured fails to pay a renewal premium within the time granted but the insurer subsequently ace may be restored? OA Grace Period Reinstatement OC Time of Payment of Cairns OD. Entire Contract OB. 00

SEE MORE QUESTIONS

Recommended textbooks for you

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Management Information Systems: Managing The Digi…

Management

ISBN:

9780135191798

Author:

Kenneth C. Laudon, Jane P. Laudon

Publisher:

PEARSON

Business Essentials (12th Edition) (What's New in…

Management

ISBN:

9780134728391

Author:

Ronald J. Ebert, Ricky W. Griffin

Publisher:

PEARSON

Fundamentals of Management (10th Edition)

Management

ISBN:

9780134237473

Author:

Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo

Publisher:

PEARSON

SEE MORE TEXTBOOKS