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 47 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
Gracias!

sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

The discovery of aquaporins, water channels made of a transmembrane protein. The discovery of aquaporins, water channels made of a transmembrane protein.
“To confess my weakness,” Hamilton wrote when he was only fourteen, “my ambition is prevalent.” This “To confess my weakness,” Hamilton wrote when he was only fourteen, “my ambition is prevalent.” This
Have you wondered what Nutella made of! Have you wondered what Nutella made of!
Structure of a Sterol Rather than being made from fatty acids Structure of a Sterol Rather than being made from fatty acids
Calculate the accumulated value of monthly payments of $100.00 made at the end of each month ... Calculate the accumulated value of monthly payments of $100.00 made at the end of each month ...
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: Natural Selection, Species Isolation and Real World Example

For a complete list of videos, visit our video library