Ericho gives all his subordinates low ratings on their appraisals in an effort to intimidate them. Jericho is making which type of rating error?

All of the following persons may act as escrow agents except:

a. brokers b. neutral third persons c. salespersons d. attorneys

Which of the following statements about annual percentage rate (APR) is FALSE?

a. The purpose of the APR is to communicate to the borrower in simple terms the true annual cost of the loan b. The APR cannot change from the initial TIL disclosure more than 1/4% c. The APR represents the effective annual interest rate on the money borrowed after considering the various costs to obtain the loan d. A change in the APR does not affect the monthly payment if the stated interest rate does not change