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makkiz [27]
2 years ago
11

Gus has applied for a home equity line of credit from his federally insured bank so that he can make some renovations to his kit

chen. The same bank is his lender for his home mortgage. Will this loan be subject to Real Estate Settlement Procedures Act requirements
Business
1 answer:
horsena [70]2 years ago
3 0

This is true that the given loan will be subjected to Real Estate Settlement Procedures Act requirements as RESPA applies to any residential loan transaction from a federally insured financial institution, including equity lines of credit.

<h3 /><h3>What is Real Estate Settlement Procedures Act?</h3>

RESPA is an act that prohibits certain practices such as bribes, referrals, and unearned fees.

RESPA also regulates the use of escrow accounts, for instance, it prohibits credit managers from asking for excessive large escrow accounts and prevents sellers from hiring title insurance companies.

Therefore, This is true that the given loan will be subjected to Real Estate Settlement Procedures Act requirements as RESPA applies to any residential loan transaction from a federally insured financial institution, including equity lines of credit.

learn more about RESPA:

brainly.com/question/14102102

#SPJ1

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Franklin Electric is presently generating earnings available to common shareholders of​ $7.25 per share. The​ firm's income tax
Sphinxa [80]

Answer:

$1.45

Explanation:

First of all we need to know what is earnings available to common shareholders (EACS).

EACS is the part of earnings which is available to common shareholders after deducting preference dividend from net income after taxes.

We can understand the as follows

Net Profit after taxes $ xxxx

Less: Preference dividend (xxxx)

Earnings available to.common shareholders xxxx

From this amount is we divide number of common stocks / shares, we will get Earnings Per Share (EPS)

EPS = Earnings available to equity shareholders / number of common stock shares

Dividend Payout Ration to common stock (given) = 20%

It means the comapny is paying 20% of EPS to common stock holders and 80% of EPS is tthe retained earnings of the company

Hence dividend to common stockholder = Earnings available.to common shareholders × dividend payout ratio

= $7.25 × 20%

= $1.45

$1.45 is the dividend which company pay to common shareholders

3 0
3 years ago
Do all states pay the same unemployment compensation and for the same length of time?
kondaur [170]

Answer:

Explanation:

Ultimately, the onus is on the state government to balance the checkbook, so the state has to decide the benefits maximum amount, duration, and eligibility to receive the benefits. For this reason, you notice that unemployment benefits largely vary by state. Some states like Massachusetts could pay as high as $1,220 depending on the eligibility criteria.

4 0
3 years ago
What is one way a market economy affects the lives of private citizens
vovikov84 [41]

Freedom of individual choice is possible to the extent that the market provides options for work, developing a business, and purchasing goods and services (so long as you can afford them).

Hope this helps :)

3 0
3 years ago
The boy scouts, the veterans of foreign wars, most civic organizations, and many groups that people join because of mutual inter
NISA [10]
The boy scouts, the veterans of foreign wars, most civic organizations, and many groups that people join because of mutual interest are all examples of voluntary associations.  They worked together as volunteers in a form of union or agreement working together for a unified purpose or mutual interest.
5 0
3 years ago
Which of the following is an example of benefit selling? dynamic ticket pricing high-pressure telemarketing tactics using a star
sladkih [1.3K]

Answer:

D. Flex plan ticket books

Explanation:

The selling in which you describe it in such a way that the product is tied in such a way that it improves the customers situation. 

e.g All are servers are manufactured in the city so you can be sure of immediate support if any issue arises.

Selling the benefits instead of a features make it easier to get higher prices, it makes the product differentiation easier and justifies the higher price being charged.

The flex tickets are an example of benefit selling because one can purchase it in any combination possible for the type of package purchased and it can be used in any chosen combination throughout the current season.

3 0
3 years ago
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