You take an application over the phone. Which of the following must occur within three business days of a potential borrower submitting an application for a loan?

a. Submit the application to the lender for underwriting
b. Provide the borrower with confirmation of receipt of the application
c. Hand-deliver or mail the Good Faith Estimate and Affiliated Business Disclosure
d. Hand-deliver or mail the Good Faith Estimate and TIL Disclosure

Ans: d. Hand-deliver or mail the Good Faith Estimate and TIL Disclosure

Business

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According to the Society of Human Resource Managers, 360? feedback is almost always used for line employees and first level supervisors

a. True b. False

Business

As a general rule in computing the standard error of the sample mean, the finite population correction factor is used only if the:

a. sample size is smaller than 5% of the population size. b. sample size is greater than 5% of the sample size. c. sample size is more than half of the population size. d. None of these choices.

Business