Because of the secure and fair enforcement of the mortgage licensing act, borrowers can determine if the mortgage loan originator is licensed and registered.
The SAFE Mortgage Licensing Act encourages states to set minimum standards for the licensing and registration of state-licensed mortgage loan originators and calls on the Conference of State Bank Supervisors (CSBS).
And the American Association of Residential Mortgage Regulators (AARMR) created and maintains a national mortgage licensing system and registry for the residential mortgage industry in order to improve consumer protection and decrease fraud.
The SAFE Act establishes a minimal requirement for mortgage loan originators' licensing and registration. On the Nationwide Mortgage License System Registry, you can find details about state-specific licensing requirements (NMLSR).
The NMLSR website or the federal bank regulator of the employer where a mortgage loan originator works can be contacted for information on the registration requirements.
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Answer:
False
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.
The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.
A lifestyle can be defined as the way and manner an individual chooses to live his or her life. Similarly, a lifestyle budget comprises the cost of goods and services an individual has chosen to spend his or her money on.
Basically, completely eliminating an item isn't the only way to decrease a lifestyle budget because there could be similar items that even cost way more than the eliminated item.
Some of the benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
Answer:
True.
Explanation:
Continous magazine subscription is a disruptive innovation that was introduced to replace the traditional subscription where a user subscribes and can terminate the subscription. Renewal notices have to be mailed to subscribers which is not cost effective.
Continous magazine subscription uses the service model. Credit cards were used to obtain subscriptions. For example if magazine company partners with credit card company, making subscription will only be part of uses the services of the bank.
The Information Processing Theory
views the human mind like a computer or information processor and postulates
that Humans are limited in how much information they can process at any given
time. This approach to the study of cognitive development stemmed out of the
American experimental tradition in psychology.
The answer to this question is <span>To become eligible to accept Medicare patients
Accordint to </span> <span>Section 1865(a)(1) of the Social Security Act (the Act), only the hospital that earned the accreditation by the Government could take care of Medicare patients. Which means that the hospital could widen their market segmentation and improve their profit.
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