The MDIA eliminated the RESPA requirements
Indicate whether the statement is true or false
False
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From which of the following parties can a creditor recover in a spendthrift trust?
A) the reminder beneficiary B) the income beneficiary C) the trustee D) the successor trustee
Paper Corporation owns 75 percent of Scissor Company's stock. On July 1, 20X8, Paper sold a building to Scissor for $33,000. Paper had purchased this building on January 1, 20X6, for $36,000. The building's original eight-year estimated total economic life remains unchanged. Both companies use straight-line depreciation. The building's residual value is considered negligible.Based on the information provided, the gain on sale of the building eliminated in the consolidated financial statements for 20X8 is:
A. $6,000. B. $11,250. C. $10,500. D. $8,250.
Summary judgment is appropriate when there are no essential facts in dispute
a. True b. False Indicate whether the statement is true or false
Clark goes to the First Bank to obtain a consumer loan. The bank requests that the Rich Credit Reporting Agency furnish a credit report, which they do. Based upon the report, which says that Clark has been convicted of theft and credit card fraud, the
bank denies Clark's application. Is Clark entitled to know what was in the report? If Clark thinks the information in the report is inaccurate, what can he do?