Prospective Borrowers Often Submit Loan Requests Directly to Lenders

question 32

Multiple Choice

Prospective borrowers often submit loan requests directly to lenders. However, commercial loan requests can also be submitted through another channel in which a permanent lender agrees to purchase loans or consider loan requests from a mortgage banker or broker. This type of business relationship is more commonly referred to as a(n) :

• A) installment sale
• B) joint venture
• C) correspondent relationship
• D) sale-leaseback

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Definitions:

Differential Associations Theory

A theory in criminology suggesting that individuals learn deviant behavior from those close to them who provide models of and opportunities for deviance.

Pick-Pocketing

The act of stealthily stealing wallets or other valuables from the pockets or bags of others.

Wealthy

Having a large amount of money, resources, or assets; often associated with affluence and a high standard of living.

Effective Social Control

The ability of a society or group to regulate individuals' behavior in a way that promotes order and discourages deviance.