The document a lender gives a borrower detailing the actual costs of a loan is called     a truth-in-lending disclosure     a deed of trust     a judgment affidavit     a title insurance

Q: Identify how life insurance fund appears in the financial statements? a. The debit side of the…

A: Life Insurance Fund- It is a fund which helps the entity in making payment for its obligation which…

Q: Which are the major problems facing a lender when reviewing a loan request made by a borrower?

A: Introduction: A loan agreement is nothing but an agreement between a lender and the borrower which…

Q: What is the difference between a testamentary trust and an inter vivos trust. A testamentary trust…

A: Testamentary trust: A testamentary trust is a trust that is made in the lifetime of the grantor but…

Q: How will the lender of the promissory note record the note on its books? as an expense as revenue…

A: Revenue: This is the income of a firm during an accounting period. The income is recognized as and…

Q: What is the difference between distributing property per capita and per stirpes?

A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…

Q: Life insurance premiums shall be reported as a deductible expense for financial reporting purposes…

A: The outlay which is an ordinary outlay and helps in the normal revenue generation of the business is…

Q: The formal document that outlines the paym lender and the borrower is: the acceleration clause. O…

A: There is agreement between borrower and lender for payment of loan.

Q: A loan borrowed by an individual secured against the personal property is. a. Character b.…

A: The provided options are known as the main Cs that a lender considers when providing a loan.…

Q: Describe the process by which a banker’s acceptance is create

A: Banker's acceptances It can be characterized as the bank's promise to pay the given sum to the…

Q: Describe the fundamental requirements of a valid deed and distinguish among warranty, special…

A: Valid Deed: A deed is a written document that shows that the title of ownership has been transferred…

Q: Write a persuasive statement either supporting or opposing a bank's right to assign a mortgage to a…

A: A mortgage payment usually consists of four main components: principle, interest, taxes, and…

Q: A bond is a certificate of indebtedness that sp the obligations of the borrowers to the lender.…

A: Bond is a debt insturment

Q: A release clause in a note and deed of trust is activated by a.​the full satisfaction of the terms…

A: The release clause allows for the freeing of all or part of a property from a claim by the creditor…

Q: For what items may a lender require escrow accounts from a borrower?

A: Escrow account is the third party account in which securities or assets are kept until the…

Q: Discuss the steps of loan structuring.

A: Loan structuring is defined as the components, which used to make the loan, like term loan, rate of…

Q: Briefly describe the process that led from a homeowner purchasinga home to an investor purchasing a…

A: CDO is the security that is issued to several investors backed by the collateral assets held by the…

Q: the event of difficulty in recovering the funds advanced, claim the monies back from the borrower,…

A: A loan is an instrument which is used to raise money. So a borrower can raise money at a defined…

Q: A(n) _________ is a lender, seller, or any other person in whose favor there is a security interest.…

A: Following are the definitions:   Unsecured Creditor: A creditor not having the benefit of security…

Q: A bank guarantee is a guarantee from a lending institution ensuring the liabilities of a debtor will…

A: Bank guarantee refers to the form of surety that is being provided by a financial lending…

Q: Related to ethics and contracts, why do payday loans appear to be an ethical issue?

A: Payday loans are small ticket loans for a short duration. The borrower pays back the loan when he…

Q: insured who wants to verify the deductible on Section I of their Homeowners policy should look at…

A: insurance policy is considered to be contract between the policy holder and the insurance this…

Q: Describe some of the motives and mistakes made by the mortgageoriginators?

A: The mortgage broker did not fix a target. Without a clear aim for the year, couriers can transfer…

Q: Which of the following is true of a credit applicant's character? a. It reflects any unique…

A: Credit applicant is that person who has applied to some firm, business or institution for taking or…

Q: What are the factors that you need to consider in applying for a loan? Why is it important to…

A: When applying for a loan one need to consider several factors at play. Some of them are quantitative…

Q: Discuss the priorities among the various parties who may have competing interests in collateral and…

A: Debtor refers to the entity who is a legal entity and the one who owes a debt to another entity. And…

Q: Explain the rights of a creditor against a surety and the rights of a surety, including those of a…

A: Surety bond used to involve the promise through the one party by assuming the responsibilities…

Q: An escrow agreement and a mortgage A promissory note and a mortgage or deed of trust A promissory…

A: When any property is mortgaged as collateral for financing than it is necessary to make certain…

Q: A mortgage is a security interest in a debtor's real property. True False

A: Solution Concept Mortgage                 When someone needs to borrow a sum from any person or…

Q: What is interest earned by a lender but not yet collected? As well as what is interest earned by a…

A: Lender is the person who lends or provides money to other person in return of some interest as well…

Q: Discuss the major factors that a lender should take into account when deciding whether to grant a…

A: There are many factors lender should consider while giving term loans.

Q: What is the main purpose of loan loss provisioning? Explain the concepts of incurred loss model and…

A: The loan loss provision is the cash reserve created by the banks for the future credit risk. The…

Q: f a bank client requests a loan for the acquisition of real estate, what type of loan is he/she…

A: A. A refinance loan involves revision of loan terms. For example: If there is a drop in interest…

Q: Question 5 If an individual performs services for a creditor who in consideration therefor cancels…

A: Creditor is the person to whom payment for goods and services is yet to be made, although goods and…

Q: Which of the following is considered or construed as an example of "constructive receipt"?

A: GIVEN   the following is considered or construed as an example of "constructive receipt" is

Q: Which are the subjects that should always be included in a printed form of mortgage instrument is…

A: Parties name, conditions for repayment, clause for the mortgage, condition of an insurer, mortgagors…

Q: Which of the following shows the timeline of the loan from the lender's perspective?

A: A lender is the one who lends to the other party. In return, the lender receives the sum with an…

Q: a loan, secured by a collateral, that the borrower is obliged to pay at specific terms. O Loan…

A: A loan is referred as the funds through which one or more company, individual, or some other entity…

Q: A note secured by a deed of trust provides for an automatic action of the laws known as a.​a strict…

A: A deed of trust is a document that is used when one party has taken out a loan from the other party…

Q: Which of the following is an arrangement by which one party promises to pay a sum of money to…

A: Options a,b and d are not correct. This is because investments are amount deposited in different…

Q: hich of the following must appear in a public document?     a. Donations of immovable property b.…

A: The public document refers to those documents which generally contain the forms or norms formulated…

Reasons for Estate Planning

Planning is a process that helps decide in advance about future activities and operations. Planning helps to draft the procedures by identifying, analyzing, and designing how to work, when to work, by whom should be done, and what has to be done. It is the primary step followed by a person, business organizations, institutions, companies, etc.