Of the Following, Which Is NOT One of the Main

question 79

Multiple Choice

Of the following, which is NOT one of the main elements of ADI lending standards in relation to housing loans in Australia?

• A)All borrowers are required to take out lenders mortgage insurance (LMI).
• B)Loans are made to borrowers who have been assessed as having the capacity to repay.
• C)Loans generally do not exceed 80 per cent of the property's value.
• D)The lender has reliable documentary evidence supporting the borrower's capacity to repay and of the property's value.
• E)Loans are secured.

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Definitions:

Hostility/Aggression

Negative emotions or behaviors directed towards others, often stemming from anger or frustration.

Relationship

A connection, association, or involvement between two or more individuals, entities, or concepts, which can vary in nature and significance.

Communicating

The process of sharing information, feelings, or thoughts between individuals or groups through speaking, writing, or other methods.

Retreat

The act of withdrawing or moving back, often used in the context of strategic withdrawals in military operations or as a means of finding peace and quiet.