Under the Gramm-Leach-Bliley Act, which of the following is considered nonpublic information?
a. Former owners of a particular property
b. The street address of the property a borrower intends to purchase
c. A borrower's current loan balances
d. The assessed value of a subject property
Ans: c. A borrower's current loan balances
You might also like to view...
Double-entry accounting is best characterized as:
a. The number of debit entries posted to the ledger equals the number of credit entries. b. The number of ledger accounts with debit balances is equal to the number with credit balances. c. Every transaction affects both an asset account and either a liability account or a stockholders' equity account. d. The total dollar amount of debit entries posted to the ledger is equal to the dollar amount of the credit entries.
Suffolk Corporation issued $92,000 of 20-year, 6 percent bonds at 98 on one of its semiannual interest dates. The straight-line method of amortization is to be used. The entry to record the bond interest expense on the next interest payment date is:
A) Bond Interest Expense 2,806 Unamortized Bond Discount 46Cash 2760 B) Bond Interest Expense 5,520 Unamortized Bond Discount 520Cash 5000 C) Cash 5,566 Unamortized Bond Discount 5,566 D) Bond Interest Expense 2,760 Cash 2,760