Under the Fair Debt Collection Practices Act, which of the following need not be provided to the debtor within five days of the initial communication:
a. the amount of the debt
b. a statement that unless the consumer disputes the validity of the debt within 30 days, it will be assumed valid c. the name of the creditor to whom the debt is owed
d. the amount of the debt or a statement that unless the consumer disputes the validity of the debt within 30 days, it will be assumed valid
e. all of the other specific choices must be provided
e
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An agent who buys and sells securities from inventory is called a:
A. floortrader. B. dealer. C. commission broker. D. broker. E. floor broker.
If a buyer takes title to a residential property "subject to" the existing loan and does not obtain the lender's consent, which of the following best expresses the potential consequences:
A: The seller may incur personal liability for the amount of the loan or any deficiency suffered by the lender to the extent permitted by law; B: The lender may accelerate the loan; C: The buyer may lose the property to foreclosure if unable to obtain new financing; D: All of the above.