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What Should the Bank Have Done to Terminate Its Interest

Question 7

Multiple Choice

What should the bank have done to terminate its interest in any property of Molly?


A) The bank should have filed a termination statement within 20 days.
B) The bank should have filed a termination statement within one month.
C) The bank should have filed a waiver statement within 20 days.
D) The bank should have filed a waiver statement within one month.
E) The bank should have filed a stopgap statement by the time Molly's next payment was due had she not paid off the loan.

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