12-40.A provision that is typical for large residential real estate developments where land is used as collateral for a development loan is a:
A) release clause
B) conveyance clause
C) distribution clause
D) clause of dispatch
Correct Answer:
Verified
Q28: 12-37.An individual other than the borrower that
Q29: 12-30.Due to efficiencies of the secondary mortgage
Q30: 12-38.Which one of these conditions involves the
Q31: 12-36.Which term indicates that in the event
Q32: 12-33.Which type of note limits the lender's
Q34: 12-25.The following are NOT of prime importance
Q35: 12-23.The most significant job classification relating to
Q36: 12-35.To promote competition between lenders,state legislation,case law,and
Q37: 12-29."Significant compensating factors," after dual qualifying ratios
Q38: 12-39.If a fire completely destroys a residence,the
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