The loan-to-value ratio (LTV) may be defined as the ratio of a mortgage loan principal to the
A) property's value.
B) assessed value of the property.
C) interest rate on the loan.
D) listed price of the property.
Answer: A) property's value.
Business
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Indicate whether the statement is true or false
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Which of the following is not a recognized element of a successful environmental auditing program?
A) explicit senior management support for environmental auditing and the willingness to follow up on the findings B) an environmental auditing function independent of audited activities C) adequate auditor training and staffing D) a "bottom line" analysis of the proposed auditing program
Business