Podcast
Questions and Answers
What unethical practice involves a conspiracy between the borrower or bank employees for loan approval?
What unethical practice involves a conspiracy between the borrower or bank employees for loan approval?
What is the advantage of having blood relations with the DIRECTORS, OFFICERS, STOCKHOLDERS AND RELATED INTEREST (DOSRI) in loan applications?
What is the advantage of having blood relations with the DIRECTORS, OFFICERS, STOCKHOLDERS AND RELATED INTEREST (DOSRI) in loan applications?
Which culture still influences the evaluation or approval of loan applications?
Which culture still influences the evaluation or approval of loan applications?
What should the information gathered for the credit evaluation process be to obtain the desired credit judgment?
What should the information gathered for the credit evaluation process be to obtain the desired credit judgment?
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Who bears the responsibility for rendering judgment on loan applications in a fair and equitable manner?
Who bears the responsibility for rendering judgment on loan applications in a fair and equitable manner?
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What is essential for credit investigators and evaluators according to the text?
What is essential for credit investigators and evaluators according to the text?
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What does the 'C' in 'Cs in Communication' stand for?
What does the 'C' in 'Cs in Communication' stand for?
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Which of the following is NOT a characteristic of a well-prepared credit report?
Which of the following is NOT a characteristic of a well-prepared credit report?
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What does the principle of 'Coordination' emphasize?
What does the principle of 'Coordination' emphasize?
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Which of the following is NOT mentioned as a characteristic of a well-prepared credit report?
Which of the following is NOT mentioned as a characteristic of a well-prepared credit report?
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What does the principle of 'Completeness' emphasize?
What does the principle of 'Completeness' emphasize?
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Which of the following is NOT a responsibility of the credit department?
Which of the following is NOT a responsibility of the credit department?
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Why is it important for the lender to know the purpose of the loan?
Why is it important for the lender to know the purpose of the loan?
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What does 'commitment' refer to in the context of a loan application?
What does 'commitment' refer to in the context of a loan application?
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Why do lenders conduct an ocular inspection or end use verification?
Why do lenders conduct an ocular inspection or end use verification?
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Why is it essential for lenders to be cautious in evaluating loans?
Why is it essential for lenders to be cautious in evaluating loans?
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What does 'protection' represent in a credit transaction?
What does 'protection' represent in a credit transaction?
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How does knowing the purpose of a loan aid in structuring its repayment schedule?
How does knowing the purpose of a loan aid in structuring its repayment schedule?
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