Which is a possible penalty for mortgage fraud?
A. Up to $1 million fine and or imprisonment for up to 30 years.
B. Highway trash pick up.
C. Loss of property obtained by fraud.
D. A fine equal to the amount of the fraudulent profit realized.
Answer: A. Up to $1 million fine and or imprisonment for up to 30 years.
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James signed an application for a $50,000 life insurance policy and paid the first premium on October 1. The agent issued a conditional receipt. A week later, James took the required medical examination and was found to be insurable. If he dies before the insurer approves the application,
A) the coverage will be retroactively effective, but the policy will only pay $25,000 B) no coverage will be provided C) the coverage will be retroactively effective D) no coverage will be provided, but James's premium will be refunded"
The impact of piracy on the revenue loss as estimated by the Motion Picture Association of America is approximately $1.5 billion per year
Indicate whether the statement is true or false