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Proof of financial responsibilty must be maintained by?

By the one who's responsible and accountable in delivering and maintaining the financial proofs, documents and managements of assets of either an individual, a business entity or a huge company of firm. AgentCampus.com


Who is responsible for an escrow mistake?

The party responsible for an escrow mistake is typically the escrow agent or company handling the transaction. They are responsible for ensuring that all funds and documents are handled correctly and in accordance with the terms of the escrow agreement.


Am I responsible to repay a cosigned mortgage upon default?

If you are the co-signer the answer is yes. That's why the bank required a co-signer. When you signed you agreed to be responsible for paying the full amount of the loan if the primary borrower defaults. In the case of a mortgage for another person's property, you agreed to pay for property that you don't own. You should read the documents you signed.If you are the co-signer the answer is yes. That's why the bank required a co-signer. When you signed you agreed to be responsible for paying the full amount of the loan if the primary borrower defaults. In the case of a mortgage for another person's property, you agreed to pay for property that you don't own. You should read the documents you signed.If you are the co-signer the answer is yes. That's why the bank required a co-signer. When you signed you agreed to be responsible for paying the full amount of the loan if the primary borrower defaults. In the case of a mortgage for another person's property, you agreed to pay for property that you don't own. You should read the documents you signed.If you are the co-signer the answer is yes. That's why the bank required a co-signer. When you signed you agreed to be responsible for paying the full amount of the loan if the primary borrower defaults. In the case of a mortgage for another person's property, you agreed to pay for property that you don't own. You should read the documents you signed.


Are you responsible for a sba loan if you sign it as a deed holder?

Yes, if you sign an SBA loan as a deed holder, you may be held responsible for the loan. This means you are agreeing to repay the loan if the borrower defaults. The lender can pursue you for repayment since your signature indicates your commitment to the loan's obligations. It’s important to understand the implications of signing such documents before proceeding.


What are the requirements for a three person mortgage?

The requirements for a three person mortgage typically include all applicants meeting the lender's credit score and income criteria, providing necessary financial documents, and agreeing to be jointly responsible for the loan repayment.

Related Questions

Because resource managers and fund holders are responsible for proper allocation of funding on commitmentobligation documents and for maintaining a system of positive funds control they are considered?

True


Because resource managers and fund holders are responsible for proper allocation of funding on commitment/obligation documents and for maintaining a system of positive funds control, they are consider?

TRUE


Who is responsible for maintaining records?

Individuals, businesses, and organizations are responsible for maintaining their own records. This includes keeping track of financial transactions, legal documents, and other important information. Maintaining accurate records is crucial for tax compliance, financial planning, and overall organizational efficiency.


In a condominium who is responsible for tuck pointing?

Tick pointing: the process of repairing or replacing the mortar between bricks. Read your governing documents to determine who owns the bricks and who is responsible for maintaining them. Usually, if the bricks are on the exterior of the building, the association owns the real estate asset and is responsible for maintaining it. If it's on the interior of a unit, it might be your responsibility.


What is the name of a person who is in charge of an archive?

An archivist is a person who is in charge of managing and maintaining archives. They are responsible for appraising, collecting, organizing, preserving, and providing access to records and documents within the archive.


Proof of financial responsibilty must be maintained by?

By the one who's responsible and accountable in delivering and maintaining the financial proofs, documents and managements of assets of either an individual, a business entity or a huge company of firm. AgentCampus.com


What is the name of a person who signs official documents in a district?

The person who signs official documents in a district is typically referred to as a "district clerk" or "county clerk." This individual is responsible for maintaining public records, managing elections, and certifying documents within the district. In some jurisdictions, the title may vary, but the role generally involves overseeing official documentation and ensuring compliance with local regulations.


What is the duty of the Cook County recorder of deeds?

The Cook County recorder of deeds is responsible for maintaining documents and public records. One of the main duties that they look over is the real estate of that area, generally related to ownership of properties.


What are the duties of recorder?

A recorder is responsible for accurately documenting and maintaining official records, such as minutes of meetings, legal documents, and other vital records. They ensure that all entries are complete, organized, and accessible for future reference. Additionally, recorders may verify the authenticity of documents, manage public records requests, and assist in the administration of elections or other civic processes. Overall, their role is crucial for maintaining transparency and accountability within governmental or organizational operations.


Is the owner of condo responsible for fixing driveway?

Read your governing documents to determine who owns the driveway. The owner of the driveway, which may not be the owner of the condominium unit, is responsible for 'fixing the driveway'. Best practices dictate that at least you file a maintenance request for the repairs you believe are required.


Who is responsible for gutter installation in a condo?

Read your governing documents to determine this responsibility.


During solicitation planning the project team is responsible for?

Developing the procurement documents