In Georgia, when should the lender be notified that a seller is offering a loan assumption? When the buyer contacts the lender to be qualified for the loan assumption Immediately after the properties listed for sale At the time an offer to purchase is accepted by the seller After the buyer has been determined to be creditworthy

White, an employee of ABC Corporation, intentionally issued two payments for the same invoice.After the disbursements had been mailed, White called the vendor and explained that a doublepayment had been made by mistake. She asked the vendor to return one of the checks to herattention. When the vendor returned the check, White took it and cashed it. This is an example of: a. A pass-through scheme b. A pay and return scheme c. A shell company scheme d. A receivables skimming scheme

A private offering is a sale of securities in which: X investors may resell their stock within 3 months of acquisition. the security can only be sold within the home state of the offeror. the security is exempt from registration. the issuer provides less disclosures in return to selling less stock to fewer investors.

An apartment building in Ithaca, New York with 72 units was financed with a $7.2 million non-recourse first mortgage loan at a 3.6% annual interest rate and an additional $3.6 million fully recourse second mortgage loan at a 7.2% annual interest rate. The owner later borrowed another $720,000 with a fully recourse third mortgage loan at a 10.8% annual interest rate. The borrower ultimately found itself in financial distress and unable to make the monthly mortgage payments on the three outstanding mortgage loans and the property went into foreclosure. What happens to the claims of the second and third mortgage lenders if the foreclosure lawsuit by the first mortgage lender includes all junior mortgage lenders and the property is sold to an unrelated third party for a net price of $6.6 million at the foreclosure sale? a. The mortgage liens of the junior claimants and the loan amounts owed to them are unaffected by the foreclosure sale b. The mortgage liens of the junior claimants are…

es Congress has enacted a number of regulations that have established criteria for evaluating home loan applicants and mandating disclosures in the origination of home loans. Which of the following congressional acts requires important disclosures concerning the cost of consumer credit, including the computation of the annual percentage rate (APR)? Multiple Choice Equal Credit Opportunity Act (ECOA) Truth-in-Lending Act (TILA) Real Estate Settlement Procedures Act (RESPA) О Home Ownership and Equity Protection Act (HOEPA)

What is the importance of the settlor? Provide an explanation

Structural subordination occurs when O There is a holding company and a group lends to its operating subsidiary One group lends to a holding company and there is no debt at its operating subsidiaries One group lends to an operating subsidiary on an unsecured basis O One group lends to a holding company and another group lends to its operating subsidiary

Describe the basic features of each of the following types of bonds: Mortgage bonds Debentures Subordinated debentures Equipment trust certificates Collateral trust bonds Income bonds Explain the differences between par value, book value, and market value per share of common stock. Discuss the various stockholder rights.

Explain the differences between cooperative insurance and commercial insurance?

You own a manufacturing company that has a very profitable contract with a large retail chain. One of your competitors learns of your agreement and contacts the retail chain, telling them that your products are poorly manufactured and that the retail chain should refrain from buying your products. Instead, the competitor suggests that the retail chain enter into a contract with them to manufacture the products they seek. After this conversation, the retail chain cancels the contract with your manufacturing company, essentially breaching the contract, and begins buying their required merchandise from your competitor.  The products manufactured by your company are in fact very high quality products. There have never been complaints in the industry relative to the service or products that you provide. And, you have longstanding contractors with other retailers to support the quality of your product.  Under the law, you can sue both the manufacturing competitor and the retail chain for…