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:

E-Mail Negotiations

The process of conducting negotiation discussions through email, which allows for asynchronous communication but may lack the nuances of in-person or voice-based negotiations.

BATNA

Best Alternative To a Negotiated Agreement; the most advantageous course of action a party can take if negotiations fail and an agreement cannot be reached.

Negotiation

The process by which individuals or groups attempt to reach an agreement on matters of mutual interest.

Linguistic Dimensions

Aspects of language use that affect communication and understanding in negotiations, including terminology, jargon, and nonverbal cues.