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Assets and Liabilities Are Divided During the Divorce Proceedings

Question 20

Multiple Choice

Assets and liabilities are divided during the divorce proceedings. All of the following actions are appropriate following the divorce, except for:


A) Close any existing credit card accounts that were held jointly
B) Cancel debit cards associated with joint accounts
C) Ensure that the ex-spouse not taking possession of the home signs a quit claim, which will remove that person from the existing mortgage lien
D) Refinance an existing auto loan in the sole name of the divorced spouse

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