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

Author Question: The lender's specific requirements that must be observed in connection with the loan documents ... (Read 51 times)

Beheh

  • Hero Member
  • *****
  • Posts: 520
on: Aug 3, 2018
The lender's specific requirements that must be observed in connection with the loan documents before the attorney or closing agent may be authorized to record documents and disburse the loan funds is the:
 
  a. Recordation and disbursement letter
  b. Good faith letter
  c. Closing instruction letter
  d. Loan commitment letter

Question 2

Distinguish between a condition and a covenant.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jazzlynnnnn

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Aug 3, 2018
Answer to Question 1

C

Answer to Question 2

A condition is a fact or event, the happening or nonhappening of which creates or
extinguishes an absolute duty to perform, and a covenant is that absolute duty.


Beheh

  • Hero Member
  • *****
  • Posts: 520
Reply #2 on: Aug 3, 2018
Thanks


jazzlynnnnn

  • Sr. Member
  • ****
  • Posts: 335
Reply #3 on: Aug 3, 2018
Welcome :)


« previous next »
 

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

A specific human chromosomal landscape A specific human chromosomal landscape
Alexander Fleming photographed in his lab where he observed the natural competition between a fungus Alexander Fleming photographed in his lab where he observed the natural competition between a fungus
Examples of Specific Antidotes for Overdosed Substances or Toxins Examples of Specific Antidotes for Overdosed Substances or Toxins
Specific Drugs and their Potential for Dependence Specific Drugs and their Potential for Dependence
Rainbow Spectrum Connection To The Cheops Pyramid Rainbow Spectrum Connection To The Cheops Pyramid
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: Multiple Sclerosis Animation

For a complete list of videos, visit our video library