Answer: C. 60 years old
Explanation: A person that has grandchildren is likely to be old. They will most likely be over 60 years old, and definitely not be under 30 years old.
Answer:
A) (I) is true, (II) false.
Explanation:
Banks are financial intermediaries that accept deposits and make loans.
However the term "banks" does not regularly include firms such as credit unions, insurance companies, and pension funds.; because credit unions are not-for-profit organisations and insurance companies are a non-bank financial institution that provides its customers risk protection depending on the level of policy they have sold to such customers. Pension funds are more like deposits made against retirement.
Complete question:
Under the TILA-RESPA Integrated Disclosure Rule (TRID), a lender must extend the closing how many days if the annual percentage rate (APR) has changed more than 0.125% before closing?
A) Two business days
B) Three business days
C) Five business days
D) Four business days
Answer:
A lender must extend the closing Three business days if the annual percentage rate (APR) has changed more than 0.125% before closing.
Explanation:
TRID is the standardized divulgation law for TILA-RESPA. The current RESPA and TILA regulation replaces a previous, detailed closing declaration and credit calculations for HUD-1 and Good Faith Calculations (GFE).
When the loan's interest rate is not locked when the loan estimate is issued and the rate of interest and credits for the hypothecary loan that adjust when it is locked many time later. A revised loan estimate is expected by the borrower no more than three working days after the date the interest rate is locked and the equate the revised loan estimate with the products and loan credits paid.
