Usury lending law - Study guides, Class notes & Summaries

Chapter 03 Financial Services: Finance Companies     
True / False Questions
  1. Finance companies differ from banks in that they do not accept deposits. 
TRUE   2. Finance companies have been among the slowest growing FI groups in recent years. 
FALSE   3. General Electric Capital Corporation (GECC) provides services to more than 15 million businesses and consumer is Asia alone. 
TRUE   4. In 2008, GE Capital Corporation accounted for approximately 50 percent...

Who benefits the most from inflation Answer Long-term fixed rate borrowers Reason : Inflation reduces the purchasing power of money, so every dollar you spend in the future has less value than it has now. Since the payments on long-term fixed rate loans, like 30-year mortgages remain the same for the term of the loan, future payments will take place with dollars that have less purchasing power. Inflation also raises long-term interest rates, so if you are already locked into a fixed rate loan. ...

Real Estate State Exam for Ohio Questions & Answers 2023-24 Fiscal Policy - ANSWER-Treasury Department Monetary Policy - ANSWER-Federal Reserve Bond Truth In Lending Act - ANSWER-To provide standard disclosure procedures that all lenders must follow. Required so consumers will know exactly what they are paying for credit so they can compare Annual Percentage Rate (APR) - ANSWER-The relationship between the cost of borrowing money and the total amount financed, represented by a perc...

1 REAL ESTATE STATE EXAM FOR OHIO REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE/ Fiscal Policy - -Treasury Department Monetary Policy - -Federal Reserve Bond Truth In Lending Act - -To provide standard disclosure procedures that all lenders must follow. Required so consumers will know exactly what they are paying for credit so they can compare Annual Percentage Rate (APR) - -The relationship between the cost of borrowing money and the total amount financed, represented by a percentage Us...

1. A loss in value from any cause is a definition of what? - Answer- A. Economic obsolescence b. Depreciation C. Leverage D. Goodwill 2. A couple recently married and each person had children from a previous marriage. They wish to take title to property so they can pass their share to their own children by will. The best form of title would be what? - Answer- A. Joint tenancy B. Severally c. Community property D. Tenancy in whole 3. A valid deed passes title when it is what? - Answe...

A technique for using net income to derive a property's valuation is: Select one: a. Appreciation b. Capitalization Rate c. Cost Approach d. Valued Percentage - ANSWER-b. Capitalization Rate Truth in Lending Laws applies to which of the following? Select one: a. A loan to purchase a single family home. b. Commercial loans c. A loan to purchase a 126 unit apartment building. d. A purchase money mortgage. - ANSWER-a. A loan to purchase a single family home. Charging a higher inter...

Fiscal Policy - ANSWER Treasury Department Monetary Policy - ANSWER Federal Reserve Bond Truth In Lending Act - ANSWER To provide standard disclosure procedures that all lenders must follow. Required so consumers will know exactly what they are paying for credit so they can compare Annual Percentage Rate (APR) - ANSWER The relationship between the cost of borrowing money and the total amount financed, represented by a percentage Usury Lending Law - ANSWER Charging an interest rate th...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 Us currency Not backed by gold; has value based on the confidence in and strength of the us government Barter Exchange with goods and services, not money Role of the us department of treasury Printing money Factors that influence income Job opportunities, employment developments, inflation & deflation, recession & depression, taxation Type of imvestment where interest rates may increase Short term sav...

Business Law (Legality) questions with answersLegality - correct answer The subject matter of the contract must be _______ . the purpose of the contract must not be criminal, tortious, or otherwise against public policy. If performance of the contract would, at the time of contracting, be prohibited by law, the contract is void. Neither party to an illegal contract can enforce it. Pari Delicto means equal fault = no relief. Illegality by Statute (Contracts in violation of a Licensing Stat...

Us currency - Not backed by gold; has value based on the confidence in and strength of the us government Barter - Exchange with goods and services, not money Role of the us department of treasury - Printing money Factors that influence income - Job opportunities, employment developments, inflation & deflation, recession & depression, taxation Type of imvestment where interest rates may increase - Short term savings Truth in lending act - Federal law that requires the cost of credi...