With regard to mortgages, the Consumer Finance Protection Bureau (CFPB) requires mortgage servicers

A. to contact borrowers who are 36 days late in making a payment.
B. to wait 180 days after nonpayment before beginning foreclosure.
C. to credit payments within 3 days after they are received.
D. to extend delinquent borrowers additional time to repay the loan.


Answer: A

Business

You might also like to view...

The Advanced Photo System (APS) created by Kodak and its partners combines traditional chemical photo processing with digital technology. One benefit of the system is that shutterbugs can choose three different print sizes

The APS would best be described as a: A) continuous innovation. B) dynamically continuous innovation. C) discontinuous innovation. D) platform-based innovation. E) new and improved innovation.

Business

The Federal Trade Commission says that a product must be entirely new or changed significantly to be called new and that a product may be called new for only ________ months

A) two B) three C) six D) ten E) twelve

Business

Despite its pitfalls, social media plays a major role in 21st-century politics and government

Indicate whether the statement is true or false

Business

Which term expands a company’s responsibility beyond its traditional economic shareholders to that of multiple stakeholders?

a. corporate expanded responsibility b. corporate social performance c. corporate-stakeholder relationship d. corporate socioeconomic performance

Business