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KiRa [710]
3 years ago
12

The Real Estate Settlement Procedures Act (RESPA) provides that

Business
1 answer:
Paladinen [302]3 years ago
8 0

Answer:

C) the borrower must be given an estimate of the settlement costs within three  business days of loan application.

Explanation:

The Real Estate Settlement Procedures Act (RESPA passed in 1974 but effective since June 20, 1975. It applies to the majority of purchase loans, where a lender finances the purchase of a residence (home).

One of its main purposes was to provide buyers and sellers with a complete cost disclosure, in an attempt to eliminate illegal or abusive practices carried out during the real estate settlement process (e.g. loan services demanding excessively large escrow accounts, kickbacks, mandating title insurance companies, etc.)

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Which of the following statements is not true for T accounts?
Sever21 [200]

Answer: The statement "d. The excess of the credits of an asset account over the debits is the balance of the account.". is <u>NOT TRUE.</u>

Explanation: The statement "d." is not true because according to the basic equity equation (ASSETS = LIABILITIES + EQUITY).

The excess of the debits of an asset account over the credits is the balance of the account and the excess of the credits of an owner's equity account or a liability account over the debits is the balance of the account.

5 0
3 years ago
Nora contracts to work for ABC Investments during June for $2,500. On May 31, ABC cancels the contract. Nora refuses to accept a
kap26 [50]

Answer:

c. $500

Explanation:

A contract is an agreement by two or more parties to perform a.certain activity within a given time.

When contract are breached, the beneficiary has the right to gain back the amount promised.

If the beneficiary can get another option, the other party is obligated to pay the balance.

On this instance Nora had the chance to get a new job at $2,000 salary the balance is $2,500 - $2,000= $500. Since she rejected the job she is responsible for that loss.

However ABC is still liable to pay the balance of $500

6 0
4 years ago
The types of problems the mne confronts when determining the need for training of its local workforces include determining who s
lukranit [14]
The correct answer is all of the above. Multinational corporations grapple with a diversity of challenges when choosing training programs for their employees. These include choosing a program that is sensitive to the local culture and how to reconcile it with the global nature of the corporation. This also introduces the challenge of who should conduct the training.
8 0
3 years ago
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How can social media help employers during the hiring process? Check all that apply.
Gelneren [198K]

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b

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most reasonable answer

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2 years ago
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​Valley, Inc. has​ 9,000 shares of preferred stock outstanding. The preferred stock has a​ $90 par​ value, a​ 14% dividend​ rate
EastWind [94]

Answer:

The dividends payout to preferred stockholders is $113,400 as shown below.

Explanation:

The total dividends payable to holders of preferred shares can be computed thus:

Preferred shares dividends=9000*$90*14%

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Preferred shareholders have prior claims to dividends ahead of ordinary shareholders,but after bondholders' interest payments have been settled.

The same way they also have precedence in the distribution of company's assets before ordinary shareholders upon the liquidation of the company.

The downside is that they cannot share in excess profits after payment of dividends as they are part-owners of the company unlike ordinary shareholders.

8 0
3 years ago
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