True/False
If a loan payment due October 1 pays for interest due for the month of September, the loan payment is deemed to be paid in advance.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q27: A title examination is generally the last
Q28: A loan commitment will always state the
Q29: Most mortgage loans are repaid semiannually.
Q30: Prepayment penalties are enforceable.
Q31: Most contracts contain a legal description of
Q33: A foreign person affidavit is signed by
Q34: A loan commitment is effective without acceptance
Q35: A penalty for late payment of a
Q36: A loan that limits a borrower's liability
Q37: A penalty for late payment of a