A Nonrecourse Note

question 5

Multiple Choice

A nonrecourse note:

• A)results in a borrower becoming personally liable if there is a deficiency at the foreclosure sale.
• B)is the kind of note that homeowners typically sign.
• C)is more advantageous to borrowers than to lenders.
• D)all of the above.

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Definitions:

Day Treatment Centers

Mental health facilities that allow people to obtain treatment, along with occupational and rehabilitative therapies, during the day but to live at home at night.

Occupational Therapies

Therapies aimed at enabling people to participate in the activities of everyday life by improving their ability to perform tasks in their daily living and work environments.

Rehabilitative Therapies

Therapeutic interventions aimed at improving, maintaining, or restoring physical abilities and quality of life.

Deinstitutionalization

The policy or process of releasing individuals from psychiatric hospitals or similar facilities to care for them in community-based settings.