A Loan Commitment Is Not Effective or Binding Until It

question 4

True/False

A loan commitment is not effective or binding until it has been accepted by the borrower.

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Definitions:

Family Therapy

A type of psychological counseling that helps family members improve communication and resolve conflicts within the family unit.

Multicultural Perspectives

Approaches that recognize, respect, and integrate diverse cultural backgrounds and viewpoints into practices, discussions, and understandings.

Special External Pressures

Unique or extraordinary influences or demands from the environment or society that impact individuals or groups in specific ways.

Group Therapy

A form of psychotherapy that involves one or more therapists working with several individuals at the same time.