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:

MRP

Material Requirements Planning, a system for planning production and inventory control, ensuring materials and products are available for production and delivery.

Time Period

Refers to a specific duration or interval in which certain events or processes take place.

Net Requirements

The actual amount of materials or resources needed for production, calculated after considering the on-hand inventory and pending orders, to meet the production schedule.