Answer: During a signing a borrower asks you why the appraisal fee is $595. The notary should: ACCT 104 – Ethics (1) Quiz
Tue Sep 21 2004 14:30:00 GMT-0400 (Eastern Daylight Time) · Overview. The terms of a note usually include the principal amount the interest rate if any the parties the date the terms of repayment (which could include interest ) and the maturity date.Sometimes provisions are included concerning the payee’s rights in the event of a default which may include foreclosure of the maker’s assets. In foreclosures and contract breaches promissory …
A negotiable instrument is a document guaranteeing the payment of a specific amount of money either on demand or at a set time whose payer is usually named on the document. More specifically it is a document contemplated by or consisting of a contract which promises the payment of money without condition which may be paid either on demand or at a future date.
A “presumption of abuse” will arise if: (1) the debtor has at least $182.50 in current monthly income available after the allowed deductions (this equals $10 950 over five years) regardless of the amount of debt or ( 2 ) the debtor has at least $109.59 of such income ($6 575 over five years) and this sum would be enough to pay general unsecured …
The maximum interest rate is 38.8% per year. Mortgage bond agreements – For mortgage bond agreements the maximum interest rate is 24.9 per cent per year. The initiation fee. The initiation fee is intended to cover the costs of initiating a credit agreement although it is not clear exactly what costs the fee is intended to cover.
The U.S. Bankruptcy Court also charges fees. The amounts of these fees vary depending on the Chapter of bankruptcy being filed. As of 2016 …