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Most often they will have a booklet to tell them the value of specific cars with the year and mileage so that they can get a value without having to rely on viewing it. You will have to supply them the correct details of course and if give them false information this is grounds to refuse auto insurance payoutswhich is something to avoid so be thorough when you fill out the auto insurance policy form to make sure that all details are correct.
What else can I help you with?
How far in dafault must a person be before vehicle repossesion?
It depends on the contract and how severe the lending institution wants to be.
Must you receive court papers before your car is repossessed?
It depends on the state, but usually it is only required that the lending institution have the papers. In general, you already know when the loan is in default.
How do you reduce npa?
As per the RBI guidelines related to KYC(Know Your Customer), before lending funds the banker must know the background of customer and must ensure the reimbursement capacity of customer. This would highly reduce the NPA.
What are the regulations for peer to peer lending in Ohio?
Peer-to-peer lending in Ohio is regulated by the Ohio Division of Financial Institutions. Lenders must obtain a license and comply with regulations to protect borrowers and ensure fair lending practices.
How long must a completed Truth in Lending form disclosure statement be kept on file?
2 years
Can a certified residential appraiser appraise commercial vacant land?
No. A certified residential appraiser can contribute to the appraisal but it must be under the supervision of a certified general appraiser.
What are the regulations and requirements for participating in peer to peer lending in the USA?
To participate in peer-to-peer lending in the USA, individuals must meet certain regulations and requirements set by the Securities and Exchange Commission (SEC) and state authorities. These may include registering as a lender, meeting income and net worth criteria, and adhering to disclosure and reporting guidelines. It's important to research and understand these rules before engaging in peer-to-peer lending to ensure compliance and protect your investments.
Do fair lending laws apply to business loans and how do they impact the lending practices of financial institutions?
Yes, fair lending laws apply to business loans. These laws prohibit discrimination in lending based on factors such as race, gender, and ethnicity. Financial institutions must adhere to these laws to ensure fair and equal access to credit for all businesses. Violations can result in penalties and legal consequences for the institution.
What are the requirements for lending loans from your financial institution?
To borrow a loan from our financial institution, you must have a good credit score, stable income, and provide collateral or a co-signer. Additionally, you need to fill out an application and meet our lending criteria.
If the required reserve ratio is 20 percent and a customer deposited 5000 in the bank how much is available to the bank for lending?
If the required reserve ratio is 20 percent, the bank must keep 20 percent of the $5,000 deposit as reserves. This means the bank must hold $1,000 in reserve, leaving $4,000 available for lending.
What is the truth in lending act?
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Who has the best cover for car breakdowns?
The best coverage for car breakdowns can only be determined by considering your preferences. Many auto insurance companies offer low deductibles, loaner vehicles while your car is being repaired, towing services and scheduled maintenance options to prevent breakdowns. All of these factors must be considered before deciding which coverage plan is best for you.
