12-22A Kind of Judgment That a Lender Can Seek in Court

question 8

Multiple Choice

12-22.A kind of judgment that a lender can seek in court after a default which results in a loss is:

• A) appropriation judgment
• B) property judgment
• C) standing judgment
• D) deficiency judgment

---

Definitions:

Cabinet Departments

Major administrative units in the executive branch of the U.S. federal government, each headed by a Secretary, that advise the President and execute government policy.

Final Rules

The definitive set of regulations issued by an authority after considering public feedback on the proposed rules.

Binding Legal Effect

Describes an agreement or action that is legally enforceable in a court of law.

Administrative Agencies

Governmental bodies responsible for enforcing laws and regulations within specific areas of expertise and jurisdiction.