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
ale4655 [162]
3 years ago
7

In accordance with RESPA, whenever a buyer obtains a new first mortgage loan from a chartered or insured lender, when the loan i

s insured by the FHA or guaranteed by the VA, or when the loan will be sold to one of the federally related secondary mortgage market agencies, a good-faith estimate of the settlement costs must be provided by the lender within:
A. 3 business days
B. 5 business days
C. 30 calendar days
D. 90 calendar days
Business
2 answers:
erastovalidia [21]3 years ago
8 0

Answer:

A. 3 business days

Explanation:

A good-faith estimate of the settlement costs must be provided by the lender within 3 business days.

Hoochie [10]3 years ago
5 0

Answer:

A. 3 business days

Explanation:

In accordance with RESPA, whenever a buyer obtains a new first mortgage loan from a chartered or insured lender, when the loan is insured by the FHA or guaranteed by the VA, or when the loan will be sold to one of the federally related secondary mortgage market agencies, a good-faith estimate of the settlement costs must be provided by the lender within 3 business days.

You might be interested in
Morgan Company's budgeted income statement reflects the following amounts:Sales Purchases ExpensesJanuary $ 120,000 $ 78,000 $ 2
Whitepunk [10]

Answer:

 e.$113,300                                          

Explanation:

Download xlsx
7 0
3 years ago
Two roadway designs are under consideration for access to a permanent suspension bridge. Design 1A will cost $1.7 million to bui
Vladimir79 [104]

Answer and Explanation:

A. Given that Design 1A will cost $1.7 million to build and $175,000 per year to maintain

Given that Design 1B will cost $3.6 million to build and $40,000 per year to maintain

Both designs are assumed to be permanent

To find ROR using AW based rate of return equation, we find present value of each design and equate them:

Each design is permanent so

Present value of perpetuity:

Design 1A= 1700000+175000/r

Design 1B = 3600000+40000/r

=1700000+175000/r=3600000+40000/r

135000/r=1900000

Cross multiply

r=135000/1900000

r= 0.0710

r=7.10%

B Given that ROR=7.10% and MARR is 25%

MARR>ROR

Hence we reject both designs

5 0
3 years ago
Flounder Company had the following stockholders’ equity as of January 1, 2020. Common stock, $5 par value, 20,700 shares issued
MAVERICK [17]

Answer and Explanation:

Date        Account Title and Explanation                            Debit          Credit

Feb 1     Treasury Stock (2000*$19)                                     $38,000

             Cash (2000*$19)                                                                       $38,000

              (Repurchased 2,000 treasury stock @ $19 per)

Mar 1     Cash (870*$17)                                                          $14,790

             Retained Earning {870*($19-$17)}                              $1,740

             Treasury Stock(870*$19)                                                           $16,530

             (Reissued 870 out of 2000 treasury stock @ $17 per)

Mar 18   Cash (530*$13)                                                           $6,890

              Retained Earning {530*($19-$13)}                             $3,180

              Treasury Stock(530*$19)                                                         $10,070

              (Reissued 530 out of 2000 treasury stock @ $13 per)

Apr 22  Cash (510*$21)                                                              $10,710

             Treasury Stock(510*$19)                                                            $9,690

             Paid in Capital from Treasury Stock{510*($21-$19)}                 $1,020

             (Reissued 510 out of 2000 treasury stock @ $17 per)  

 

NOTE : loss of sale should be charges from Retained Earning.

7 0
2 years ago
Under the Age Discrimination in Employment Act, to maintain a valid claim, the replacement employee must be substantially younge
Dvinal [7]

Answer:

The correct answer is the option B: False.

Explanation:

To begin with, the <em>Age Discrimination in Employment Act</em> is a labor law that was signed into law by President Lyndon B Johnson in 1967 and whose main purpose is to protect the employees from discrimination at their jobs with the statement that employment discrimination against anyone at least 40 years old is prohibited by this law in the United States Of America. Moreover, this act establishes that the replacement must be substantially younger than the terminated employee but<u> it is absolutely not required to be a member of a recognized protected class</u>.

7 0
3 years ago
Every T account has two sides, credit and credit side.<br><br>True<br>False​
ioda

Answer:

False

Explanation:

The two sides are DEBIT and credit.

3 0
3 years ago
Other questions:
  • In its first year of operations, Jetway Airlines incurred and paid Salaries Expense of $40 million. On December 31, it accrued a
    7·2 answers
  • g Handal Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the c
    8·1 answer
  • In expectancy theory, valence refers to the:
    8·1 answer
  • Real consequences—rewards and punishments that arise from using a tactic or not using it—should not only motivate a negotiator's
    10·1 answer
  • A type of real estate investment that offers diversification and liquidity and that is similar in form to a mutual fund is calle
    14·1 answer
  • Ensley Corporation has provided the following data concerning its only product:
    14·1 answer
  • common to this work. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom.
    11·2 answers
  • okay y'all so I'm just starting a business I make lollipops and I've been just doing this since this summer and I got everything
    9·2 answers
  • Camden Biotechnology began operations in September 2013. The following selected transactions relate to liabilities of the compan
    14·1 answer
  • Explain 3 factors that change supply elasticity.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!