Under the TILA, for subprime mortgage loans, a lender:
a. may charge a prepayment penalty any time the loan is paid off before its due date.
b. must collect property taxes and homeowner's insurance for all first mortgages.
c. may not change the amount of the monthly payment during the period of the loan.
d. may consider the value of the home in determining the borrower's ability to repay the loan.
b
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GE operates a company trading site where it posts purchasing needs, invites bids, negotiates terms, and places orders. This is an example of a(n) ________
A) company buying site B) intranet link C) search engine D) trading exchange E) reverse auction
Leo's company produces a high volume of bicycle helmets, yet they come in a high variety of distinctive styles. The company is engaging in
A. mass production. B. individual customization. C. flexible production. D. mass customization. E. individual production.
The par value of the common stock represents the
A) amount entered into the corporation's Common Stock account when a share is issued. B) liquidation value of the stock. C) market value of a share of stock. D) amount the corporation received when the stock was issued.
The lower the inventory turnover, the lower the days' inventory on hand
Indicate whether the statement is true or false