Maddie Enters into a Secured Consumer Debt Transaction with Friendly

question 1

True/False

Maddie enters into a secured consumer debt transaction with Friendly Bank.When Maddie pays the loan in full,Friendly Bank is required to file a statement indicating that it no longer claims a secured interest in the collateral.This statement must be filed within one month from the date the debt is fully paid.

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Definitions:

Job Injury

Physical harm or damage that occurs to an employee as a result of performing their work duties.

Safety Officer

A professional responsible for ensuring that workplace environments comply with safety regulations and procedures to protect employees.

Asbestos

A group of naturally occurring fibrous minerals used in construction materials for fireproofing and insulation, but known to be hazardous to health when inhaled.

Occupational Illnesses

Diseases or conditions primarily caused by exposure to risk factors arising from work activity.