100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
AFIP CERTIFICATION EXAM | 119 QUESTIONS | WITH SOLVED ANSWERS 100% CORRECT!! $18.99   Add to cart

Exam (elaborations)

AFIP CERTIFICATION EXAM | 119 QUESTIONS | WITH SOLVED ANSWERS 100% CORRECT!!

 28 views  0 purchase
  • Course
  • AFIP
  • Institution
  • AFIP

AFIP CERTIFICATION EXAM | 119 QUESTIONS | WITH SOLVED ANSWERS 100% CORRECT!!

Preview 3 out of 20  pages

  • September 15, 2024
  • 20
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • AFIP
  • AFIP
avatar-seller
EvaTee
AFIP CERTIFICATION
EXAM | 119
QUESTIONS | WITH
SOLVED ANSWERS
100% CORRECT!!
AFIP
Evatee 9/15/24 AFIP

,AFIP CERTIFICATION EXAM | 119 QUESTIONS
| WITH SOLVED ANSWERS 100% CORRECT!!


FTC fine amount Answer - $46,517


UDAP Answer - Unfair and Deceptive Acts and Practices


3 elements of a contract Answer - offer, acceptance, consideration


2 ways to protect the finance source (involving insurance) Answer - Force-
place insurance, Accelerate the balance


Force-place insurance Answer - Coverage premium is forced into the car
payment


Accelerate the balance Answer - Make the full loan amount due & payable


Right of Recission Answer - ability for someone to terminate a contract
("cooling off")


In a RISA who owns the vehicle? Answer - The customer


On a leased vehicle who owns the vehicle? Answer - The lessor


Security Interest Answer - A creditor's right to use collateral to recover a debt.

, Reg Z on TILA requires what 6 disclosures Answer - 1) APR
2) Finance Charge
3) Amount Financed
4) Total Payments
5) Total Sales Price
6) Payment Schedule


Total Sales Price on RISA includes... Answer - 1) Total number of cash
payments
2) Cash Down
3) Net trade-in


TILA stands for __________, and the Reg associated with it is Reg _____
Answer - Truth in Lending Act; Reg Z


When referring to the TILA box on the contract, what information is disclosed
for Payments? Answer - The # of payments, the amount of each payment, and
the due date


Disclosing the Contract - state specific - at the time of consummation, the
contract is between these 2 parties: Answer - Customer & selling dealer


Deferred Down Payment - when dealing with a Hold Check, these 4 things must
be followed: Answer - - payment must be processed before the 2nd scheduled
monthly payment
- amount cannot be included in Amt. Financed
- not subjected to a finance charge

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller EvaTee. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $18.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81298 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$18.99
  • (0)
  Add to cart