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

Author Question: The mortgage clause on a homeowners insurance policy requires that A) you must be promptly ... (Read 79 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
on: Jul 11, 2018
The mortgage clause on a homeowners insurance policy requires that
 
  A)
 
  you must be promptly notified if the holder of your mortgage transfers the contract to another lending institution.
  B)
 
  payments for damages to the structure of the building be made to the mortgagee who will hold the funds until repairs are completed.
  C)
 
  if insurance premiums are not paid on time, the lender may revoke your home mortgage.
  D)
 
  in the event you are held liable for damages to a third party, the courts may not attach a lien on the mortgaged equity in the home.

Question 2

The most popular UITs are those investing in real estate.
 
  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

asware1

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 11, 2018
Answer to Question 1

B

Answer to Question 2

FALSE


mrsjacobs44

  • Member
  • Posts: 500
Reply 2 on: Jul 11, 2018
Excellent

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Managing large bands of grazing animals requires detailed knowledge of local landscapes, especially Managing large bands of grazing animals requires detailed knowledge of local landscapes, especially
This woman requires a soft-food-only diet This woman requires a soft-food-only diet
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
How to calculate mortgage payments (Question 1 of 2) How to calculate mortgage payments (Question 1 of 2)
Food policy can drive the food industry Food policy can drive the food industry
Government in America: People, Politics, and Policy, AP Government in America: People, Politics, and Policy, AP
Video: Inflammation and Fever

For a complete list of videos, visit our video library