The transfer of the points cost by GMC to Rose Hill purchasers:
A)?Is not a settlement service covered under RESPA

B)?Is a kickback under RESPA.
C)?Is not covered because RESPA does not apply to FHA or VA loans.
D)?Both a and c


B

Business

You might also like to view...

GM executives are looking for a joint venture with AvtoVAZ, the largest carmaker in:

A) Germany. B) Lithuania. C) Russia. D) Kazakhstan. E) Turkey.

Business

What have research studies indicated about whether a firm’s unfunded pension benefits are interpreted as liabilities?

What will be an ideal response?

Business

Companies follow both the expense recognition principle and the materiality constraint when applying the direct write-off method.

Answer the following statement true (T) or false (F)

Business

Compare the following statements to determine which one accurately describes the impact NAFTA has had on U.S. farmers.

A. Because they have been able to ship and sell their produce to other countries, NAFTA has given farmers the opportunity to expand their business and increase profits. B. Because of the negative view of NAFTA in other countries, U.S. farmers have found a difficult time getting their products shipped into those countries. C. Because of the heavy regulations imposed on exports, farmers have avoided exporting goods to participating NAFTA countries. D. Even though NAFTA has relaxed trade restrictions, farmers have been reluctant to ship products into other countries for fear of improper storage and/or contamination of their product. E. Even though farmers can now ship and sell their products to other countries, the fees imposed for doing so have not allowed farmers to generate any profit.

Business