Which of the following is not true regarding RESPA's requirement to provide a list of homeownership counselors?
a. The list may be no more than 60 days old
b. The list must be obtained from the CFPB, or from HUD or CFPB data
c. It is the lender's responsibility to ensure that the applicant receives this list
d. Reverse mortgage transactions and timeshare plans are exempt from this requirement
Ans: a. The list may be no more than 60 days old
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Which of the following is a drawback of the clan approach of organizational control?
A) Control is imposed on the members of the organization. B) Emphasis on detecting deviance is troubling for employees. C) Considerable time and managerial effort goes behind the control. D) Individual responsibility becomes a source of stress.
Which of the following people would most likely be in favor of tort reform?
A) a parent whose child has elevated lead levels due from a toy made in China B) a lawyer who just won a multimillion-dollar case on behalf of customers injured by defective curling irons C) an advocate who is concerned about the ability of injured parties to be fairly compensated for their damages D) an analyst who feels that the cost of litigation is driving up the cost of insurance E) a consumer who wants to have easy access to file a lawsuit should he be injured by a faulty product