Which of the Following Is NOT True of Loan Assignments

question 72

Multiple Choice

Which of the following is NOT true of loan assignments?

• A)All rights are transferred on sale.
• B)The loan buyer holds a direct claim on the borrower.
• C)Transfer of U.S.domestic loans is normally associated with a Uniform Commercial Code filing.
• D)Ownership rights are generally much clearer in a loan sale by assignment.
• E)Contract terms are unrestrictive from the seller's perspective.

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Definitions:

Fertility Rates

A demographic measure reflecting the average number of children born to a woman over her lifetime in a specific geographical area.

Traditional Nuclear Family

A family structure typically comprising two parents (a male and a female) and their biological or adopted children living in the same residence.

Moral Decay

The perceived decline in moral standards within a society, characterized by behaviors and attitudes that are considered unethical or harmful to social cohesion and community values.

Protecting Family

The act or process of ensuring the safety, well-being, and financial security of family members.