Law misc Study guides, Class notes & Summaries

Borrower (Mortgagor) -collect answer An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan. Title -collect answer The document that gives evidence of ownership of a property. It also indicates the rights of ownership and possession of the property. Refinancing -collect answer The process of paying off one loan with the proceeds from a new loan secured by the same

HRB-27 Final Exam Review (H&R Block Ch 27 Final Exam Review) with Correct Answers What income reporting form should an independent contractor sometimes receive from the person who paid him for his services? - Answer ️️ -Form 1099-MISC (15.6) Schedule C, Line F asks for the accounting method used in the business. What is the difference between the cash method and the accrual method of accounting? - Answer ️️ -• Under the accrual method, total sales and total charges for services ...

FPC Certification Exam 62 Questions with Verified Answers FLSA - CORRECT ANSWER Fair Labor Standards Act Journal - CORRECT ANSWER Debits and credits to a specific ledger accout Is batch processing interactive? - CORRECT ANSWER No By when must employers inform employees to submit a new W-4 if marital status or # of allowances have changed? - CORRECT ANSWER December 1st Are non qualified deferred compensations plans subject to contribution limits? - CORRECT ANSWER No What plans a...

What income reporting form should an independent contractor sometimes receive from the person who paid him for his services? - Form 1099-MISC (15.6) Schedule C, Line F asks for the accounting method used in the business. What is the difference between the cash method and the accrual method of accounting? - • Under the accrual method, total sales and total charges for services are included in income even though payment may be received in another tax year. • Under the cash method, only in...

A Notary Signing Agent is required to have a background screen when? - collect answersEvery year to maintain industry standards When should the notary signing agent ask if the date and time of the signing appointment has been set and also if there are any additional stipulations needed to complete this closing? - collect answersOn the initial phone call with the contracting company A notary signing agent just received documents for a closing scheduled in 1 hour but will not have time to re...

Signing Notary Test #1 # 2023 with 100% collect questions and answers

DEA Form 222 - Answer--Used to order C-ii meds, -copy 1 & 2 sent to supplier, copy 3 retained at pharmacy -valid for 60 days -1 item per line, 10 items per order -retained in pharmacy for 2 years DEA Form 106 - Answer--Filled out when there is theft or loss of controlled substance. DEA Form 41 - Answer--The breakage or spillage of controlled substances, does not constitute a loss. -Retail 1 per year, inpatient as many per year. DEA Form 224 - Answer-To dispense controlled substances DEA...

Notary Signing Agent - collect answersA notary who specifically trained to handle and notarized loan documents; plays a critical role in many mortgage transactions nationwide The Five Requirements - collect answersThe created five standards required of all NNA NSA candidates: 1. Signing and adhering today the notary signing agent code of conduct 2. Passing and annual certification examination 3. Submitting to an annual background screening 4. Using the sig

The Notary Signing Agent is also the settlement or closing agent in the transaction. - collect answerFalse The Notary Signing agent is hired as an independent contractor. - collect answerTrue Notary Si

Borrower's Certification Authorization - collect answerThis document certifies all of the information provided in the loan application is true and complete. Compliance Agreement - collect answerThis states that if there are any typographical or clerical errors on the closing documents, the borrower would agree to sign any documents that had to be corrected. Closing Disclosure - collect answerReceived by the consumer 3 days before closing. It outlines the final terms and costs of your mortg...