1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
xxMikexx [17]
2 years ago
14

Mishandling and/or improperly managing a borrower’s funds is a practice prohibited by:___.

Business
1 answer:
Gemiola [76]2 years ago
7 0

Mishandling and/or improperly managing a borrower’s funds is a practice prohibited by RESPA

  • The Real Estate Settlement Procedures Act (RESPA) gives consumers more information about settlement expenses and lowers closing costs by doing away with kickbacks and referral fees.
  • The RESPA Act was ratified in December 1974 and went into force on June 20 of the following year. RESPA bans sellers from requiring title insurance firms and forbids loan servicers from requesting unreasonably large escrow accounts.
  • When bribes or other unethical activities took place during the settlement process, a plaintiff has up to one year to file a case to enforce violations. Mortgage loans for residential properties with one to four families are covered by the RESPA Act.
  • The majority of these are loans for purchases, refinances, assumptions, loans for property improvements, and equity lines of credit.

Learn more about RESPA here brainly.com/question/28202570

#SPJ4.

You might be interested in
Responsible consumption requires _____
Leto [7]

Answer:

D. Considering whether a product is a need or a want.

Explanation:

By considering whether a product is a need or a want,we will be able to d prioritize our consumption. Needs are the fundamental survival requirements such as clothing, housing and food. They are indispensable.Wants on the other hand, are things that are not absolutely necessary but we require.

7 0
3 years ago
Which of the following statements is correct regarding job order and process costing systems?
Vera_Pavlovna [14]

Answer:

The correct answer is A. A process cost accounting system is appropriate for similar products that are continuously mass produced.

Explanation:

The system of costs by processes is that by which the production costs are charged to the processes, to the accumulated systems of the production costs, by department or by cost center.

This cost system is ideal for companies such as assembly departments. Even in the financial institution where I worked, the process cost system was also used as a method of calculation and cost allocation.

8 0
3 years ago
. The current spot exchange rate is $1.50/€ and the three-month forward rate is $1.55/€. Based on your analysis of the exchange
Andre45 [30]

Answer:

B) Buy €1,000,000 forward for $1.55/€.

Explanation:

To calculate the expected profit consider the following data and formula:

Amount in actions: 1.000.000

Spot exchange rate: 1.62

Three month forward calculation: 1.55

Expected profit=1,000, 000 *( 1.62 - 1.55) = 70,000.00.

6 0
3 years ago
If a warranty were created by putting "party platter feeds twenty" on the platter does it always have to feed twenty people
iren2701 [21]
A warranty is a form of consensus between the customer and the manufacturer that the product is able to deliver the function in a period of time. In this case, the phrase given means not exactly twenty people. Usually, the number of people are just estimated from the normal individual serving and the serving of the whole platter.
7 0
3 years ago
According to Debra, the vice president of Theo Chocolate, one of the results of offering simpler products is that people are:
seropon [69]

Answer:

c. less interested in paying a premium for fair trade

Explanation:

Indeed, in this case, according to Debra, who serves as the vice president of Theo Chocolate, one of the results of offering simpler products is that people find it less interesting to pay a premium for fair trade.

3 0
2 years ago
Other questions:
  • A job shadow takes place:
    11·2 answers
  • At the end of this month, Les will start saving $200 a month for retirement through his company's retirement plan. His employer
    8·1 answer
  • Luxury items in a budget come from _____. A. an income B. a deficit C. fixed expenses D. savings
    12·2 answers
  • An increase in price causes an increase in total revenue when demand is
    5·1 answer
  • . Who can ride as a passenger if a personal vehicle driven to conduct Southwest Key business?
    10·1 answer
  • Jackson and Campbell have capital balances of $100,000 and $300,000, respectively. Jackson devotes full time and Campbell devote
    5·1 answer
  • A Registered Investment Adviser (RIA) is formed as a partnership. The RIA intends to charge an incentive fee that is based on in
    10·2 answers
  • Question Mode Multiple Choice Question In a ______, members of the channel pursue their own goals and maximize their own profits
    12·1 answer
  • When an accounts payable ledger is used, the Accounts Payable account in the general ledger becomes a(n) __________ account.
    15·1 answer
  • In 2005 the price index was calculated at 115.3 with 2000 as the base year. In 2006 the price index increased to 119.5. What was
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!