Each of the following is an example of a restrictive covenant on a mortgage loan, except:
A. requiring that the borrower reside in a home for which he or she receives a mortgage.
B. requiring the borrower to obtain comprehensive health insurance.
C. net worth requirements.
D. insisting the borrower carry physical damage insurance on the property securing the loan.
Answer: B
You might also like to view...
When federal government spending exceeds tax revenues, the federal government runs a budget surplus
Indicate whether the statement is true or false
What is a minimum wage? What are the effects of a minimum wage set below the equilibrium wage rate?
What will be an ideal response?
The length of money or commodity demand disturbances is important to the "policy activism" debate between non-activists and activists because
A) changing the money supply affects the economy with a lag. B) changes in private spending must be offset by policy debate. C) Both A and B are correct. D) None of the above is correct.
Workers in American industry are more productive than those in many other countries because of
a. the large supplies of machinery available. b. abundant natural resources. c. technical know-how. d. All of the above contribute to American worker productivity.