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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.

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8 0
3 years ago
Westin wants to borrow $1,000 from Missy to help pay his deposit at his new apartment. Missy says she will agree to the loan him
aliina [53]

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B. Collateral promise.

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Collateral promise refers to a promise to pay the debt of another that is ancillary to an original promise. It is an undertaking which renders the promisor a guarantor or surety upon a debt owing by a third person who is primarily liable. It is not made for the benefit of the party making it.

4 0
3 years ago
If Jeff's wage rate rises, he decides to work more hours. From this, we can infer that____________.
marshall27 [118]

Answer:

If Jeff's wage rate rises, he decides to work more hours. From this, we can infer that  for Jeff, the substitution effect is greater than the income effect - option C.

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The substitution effect is stronger than the income effect in a case whereby  the supply of labor increases as the wage rate increases .

On the other hand, when the supply of labor decreases as the wage rate increases, then the income effect is stronger than the substitution effect.

With regards to the scenario given in the question - with an increase in the wage rate, Jeff has decided to work more hours.

Thus, in the given case, it can be inferred that for Jeff, the substitution effect is greater than the income effect.

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3 0
3 years ago
_______ includes the initiation of joint ventures with nationals (individuals or those in firms, labor unions, or government) to
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Equity sharing: The term "equity sharing" is also referred to as "co-ownership" or "shared ownership", and is described as a process in which more than one owner is being involved and utilizes one property in order to blend them to "maximize tax deductions and profit". Generally, equity sharing occurs when different parties ought to find a particular home and then buys it together as "co-owners", yet these people tend to join to "co-own" a particular property a person already bought it before or owns it.

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3 years ago
​Poland's Paints allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturi
sasho [114]

Answer:

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For computing the manufacturing overhead amount, first, we have to compute the predetermined overhead rate. The formula is shown below:

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Now the manufacturing overhead equal to

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3 years ago
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