Which of the following is not a requirement for respa?
A. All settlement charges must be itemized on a uniform settlement statement
B. The lender must give applicants a booklet about settlement procedures within three days of receiving an application
C. A buyer may not be required by a seller to use a particular Title Company
D. Loan advertisements must include the annual percentage rate
Answer: D. Loan advertisements must include the annual percentage rate
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Which of the following statements is true of the Common Stock account?
A) It is an equity account that has a normal credit balance. B) It is a liability account that has a normal credit balance. C) It is a liability account that has a normal debit balance. D) It is an equity account that has a normal debit balance.
When writing an abstract or synopsis for a report that follows the direct approach, what type of phrasing should be used?
A) Persuasive B) Abstract C) Objective D) Descriptive E) Informative