This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A lender has designated a raciallyintegrated neighborhood as one in which loans will be made for a ... (Read 46 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 24, 2018
A lender has designated a raciallyintegrated neighborhood as one in which loans will be made for a maximum of only 50 of the appraised value. The lender claims the area is highrisk and hence the 50 reduction is necessary to assure adequate loan security. Is the lender correct or has the lender committed an illegal act?

Question 2

A government survey description requires a reference to a guide meridian.
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Reply #1 on: Jun 24, 2018
Answer to Question 1

The lender cannot make a general designation of a bad area, but must review each application and appraisal on its own.

Answer to Question 2

FALSE


arivle123

  • Member
  • Posts: 569
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

ttt030911

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Walrus Ivory masks made by Yupik in Alaska Walrus Ivory masks made by Yupik in Alaska
EMERGENCY TRAUMA ASSESSMENT MADE EASY EMERGENCY TRAUMA ASSESSMENT MADE EASY
A healthy diet is made up of well-balanced nutrients. A healthy diet is made up of well-balanced nutrients.
A technician-made adapter used to test exhaust system back pressure. A technician-made adapter used to test exhaust system back pressure.
Beer is made from the fermentation of yeast and the natural sugars from grains Beer is made from the fermentation of yeast and the natural sugars from grains
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Video: Bacteriophage (Virus) - Mice Experiment

For a complete list of videos, visit our video library