Which of the Following Is NOT a Minimum Mortgage Requirement

question 27

Multiple Choice

Which of the following is NOT a minimum mortgage requirement?

• A) Description of the property
• B) Covenant of warranty
• C) Prepayment clause
• D) Covenant of seizing

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Definitions:

Utility Factor

A measure of the usefulness or practical benefit that an individual or society gains from a product, service, or activity.

Development Costs

Expenses incurred in the creation, design, and implementation of new products, projects, or services, including research and development.

Net Benefits

The total positive effects or gains of a decision or action minus the total costs or negatives associated with it.

Effect Size

A quantitative measure describing the strength of a relationship between two variables.