The CRA requires lenders
A) to make loans based on the creditworthiness of the borrower
B) the explain to borrowers the credit terms
C) to serve the credit needs of the local communities they serve in a safe and sound fashion
D) to publish their borrowing and lending rates in their loan agreements
Correct Answer:
Verified
Q36: A loan commitment is
A) an irrevocable promise
Q37: The term "character" in the Cs of
Q38: Dun & Bradstreet reports provide
A) information about
Q39: Which of the following Cs of credit
Q40: Loans made to closely held firms should
Q42: Banks may deny creditworthy borrowers loan requests
Q43: Prepayment of loans may be initiated by
A)
Q44: Covenants in loan agreements are used to
A)
Q45: Accrual basis in loan pricing refers to
A)
Q46: The effective yield on the loan is
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