The Bank Should Have Done What to Terminate Its Interest

question 19

Multiple Choice

The bank should have done what to terminate its interest in any property belonging to Morgan?

• A)The bank should have filed a waiver statement within 20 days.
• B)The bank should have filed a termination statement within one month.
• C)The bank should have filed a stopgap statement by the time Morgan's next payment was due had she not paid off the loan.
• D)The bank should have filed a termination statement within 20 days.
• E)The bank should have filed a waiver statement within one month.

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Definitions:

Electron Donors

Atoms, molecules, or ions that provide electrons to other atoms, molecules, or ions during chemical reactions, often resulting in the reduction of the latter.

Alkylamine

A compound resulting from the replacement of one or more hydrogen atoms of ammonia (NH3) with alkyl groups.

α-Carbon

The first carbon atom attached directly to a functional group in an organic molecule.

Chemical Shift

A term used in nuclear magnetic resonance (NMR) spectroscopy to describe the change in the resonance frequency of a nucleus due to its chemical environment.