To qualify property to be pledged as collateral for a VA guaranteed loan, it must meet VA standards as determined by   written affidavit of the veteran seller.   inspection and approval of the lender's agent.   any approved VA builder.   a VA approved appraiser.

Q: Explain how plan assets accumulate to provide retiree benefits and understand therole of the trustee…

A: Pension expenses are used to report an employer’s annual cost for maintaining an employee's pension…

Q: When a VA loan has been properly assumed, a veteran has a right to a release of liability upon…

A: VA home loans came into existence for the benefit of members of the armed forces. These loans…

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: Which one of the following statements is correct with respect to the Building and Personal Property…

A: A commercial insurance policy that protects against against unintentional damage to owned buildings,…

Q: ne purpose of casualty policy’s condition section is to list the property that is to be covered…

A: Casualty policies are taken to prevent the the company from liabilities arising out of damage or…

Q: Risk and premiums for homeowners policies look at all of the following, EXCEPT: a) The results of…

A: The question is based on the concept of homeowners insurance policies and its premium calculation.

Q: liquidate t

A: At the time of liquidation we have used Realisation account to show the surplus of deficit. We need…

Q: Discuss the uses of Mutual Funds. a) Asset-Liability Matching b) Employee Retirement Funding c)…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: For the following definitions, indicate the type of trust being described by selecting the correct…

A: Blind Trust Life Insurance Trust Living (revocable) Trust Trust for minors

Q: Losses due to destruction of personal property are covered by (choose the best answer) Personal…

A: Personal insurance : It is the insurance against risk or person's life , health etc. Life insurance…

Q: Explain the differences between a collision deductible and a health insurance deductible

A: Collision insurance is usually done for vehicles and covers collision with other vehicle, or…

Q: Homeowners policies have limits for items such as rare coins and jewelry. Which of the following…

A: If an individual owns some expensive items like antique articles, jewelry, fine arts, etc. then such…

Q: carry the right to a fund recorded in th How should the pre answer. Your answer to this

A: Firstly, let us understand who fund Managers and preference shares are. Fund Managers are investment…

Q: What FACTORS affect the cost of homeowners insurance? - age of dwelling - insured or spouses highest…

A: Insurance is the protection that is provided to an individual or corporation from financial damage…

Q: Please address legislation passed that increased protection for homeowners from foreclosure or at…

A: Foreclosure is a legal process where a lender or a creditor or mortgage holder can recover or sell…

Q: Which of the following statements concerning contributions to traditional IRAS is correct? (A)…

A: Traditional IRA: Individual retirement accounts, often known as traditional IRAs, enable people to…

Q: Revenue from property taxes should be recorded in the General Fund: O When received. O When there is…

A: The revenues earned by the government or state from the taxes, fees, interest etc. are recorded in…

Q: A credit to _____ is necessary upon the receipt of property assessments when the special assessment…

A: Journal entry be If special assessment receivables are recorded in the accounts of a custodial fund…

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: The document a lender gives a borrower detailing the actual costs of a loan is called     a…

A: A truth in lending disclosure is an agreement where there are some important disclosure made by the…

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 FHA implements its programs with which of the following procedures?   Providing government…

A: Federal Housing Administration: The FHA's principal purpose was to protect home mortgage loans…

Q: oceeds are paid out to the beneficiaries, and the IRS later becomes aware that the benefits were…

A: Usually, insurance proceed paid to the beneficiaries are not included in the income of…

Q: Insurance producers who must maintain Premium Fund Trust Accounts (PFTAS) may withdraw funds from…

A: The withdrawal from premium fund trust accounts are permitted for following purposes 1) As payment…

Q: A client interested in protecting a loved one's elegibility for government benefits, but also…

A: Compensation plan is a plan which helps in providing the benefits and increases the employees…

Q: When would the cost of credit life insurance be included in the finance charge and APR calculations…

A: Introduction: The cost of a credit insurance premium depends on different aspects such as the size…

Q: It refers to the right of mortgagor to redeem the mortgaged property after his default of the…

A: The question is related to the choose the correct option for the given statement. Redemption means…

Q: A handwritten will; may be subject to scrutiny after your passing. a) Statutory Will b) Cursive…

A: A holographic will is a report transcribed and marked by a departed benefactor, and it is an option…

Q: If the owners of building insured under commercial general liability policy purchase another…

A: Insurance comes into effect as per the insurance agreement on the payment of additional premium.

Q: The Federal Insurance Contributions Act (FICA) created the Social Security tax to fund the old-age,…

A: In US, it is mandatory to deduct the Social Security Tax from the salary or the paychecks of the…

Q: The insurance Commissioner must approve which of the following types of insurance rates prior to…

A: An insurance is defined as the method of the risk management with the regard to one's properties or…

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: The declarations page of the Personal Auto Policy (PAP) includes all of the following, EXCEPT:…

A: Personal auto policy is insurance that covers your cars, bikes, commercial, etc. In simple language,…

Q: When the taxpayer uses amounts received from the insurance company to restore damaged property to…

A: For ascertaining the tax consequences for the individual or any corporation, the taxable…

Q: A will is a legal document outlining the plan for one’s: Group of answer choices -goals of the…

A: Will is a legal document which provides a plan for the disposition of the assets of the deceased.

Q: If an individual renders services for a creditor who in consideration thereof cancels his existing…

A: Creditor is a person to whom we are indebted.

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…

Q: Ismail Construction enters into a contract to design and build a hospital. Ismail is responsible for…

A: Given case is: Ismail Construction enters into a contract to design and build a hospital. Ismail is…

Q: Which of the following statements are correct regarding the characteristics of a conservatorship…

A: A conservatorship i.e guarduabship of the estate is appointed…