13-39.A document issued upon the closing of the loan and states the loan terms such as amount and payments is referred to as:
A) note
B) endorsement
C) mortgage
D) record
Correct Answer:
Verified
Q17: 13-15.A promissory note represents:
A) the borrower's promise
Q18: The method based on the premise that
Q19: 13-20.The following is NOT considered in the
Q20: Accepted Appraisal Standards require that the appraiser
Q21: 13-37.Physical and functional obsolescence may be curable
Q23: 13-25.A review appraiser considers several important elements
Q24: 13-34.A deed conveys:
A) title of the property
Q25: 13-29.The appraisal concept that the best indicator
Q26: 13-36.The origination,servicing,and sale of mortgage loans is
Q27: 13-27.The approach based on the idea that
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