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ABC Administrators Inc. is a mortgage administration company in Ontario. Regarding financial reporting requirements, which of the following statements is most correct? Select one: a. Monthly bank statements or annual financial statements must be provided to FSRA b. The company must provide financial statements to FSRA upon request c. The company must use GAAP in the preparation of its financial statements d. The company must provide audited financial statements to FSRA within 90 days of fiscal year end Out of the following options, which description of mortgage fraud is least correct? Select one: a. Mortgage fraud includes the use of a power of attorney to obtain a mortgage loan b. Mortgage fraud includes the use of misstatements to obtain a mortgage loan c. Mortgage fraud includes the use of misrepresentations to obtain a mortgage loan d. Mortgage fraud includes the deliberate omission of information to obtain a mortgage loan

ABC Administrators Inc. is a mortgage administration company in Ontario. Regarding financial reporting requirements, which of the following statements is most correct? Select one: a. Monthly bank statements or annual financial statements must be provided to FSRA b. The company must provide financial statements to FSRA upon request c. The company must use GAAP in the preparation of its financial statements d. The company must provide audited financial statements to FSRA within 90 days of fiscal year end Out of the following options, which description of mortgage fraud is least correct? Select one: a. Mortgage fraud includes the use of a power of attorney to obtain a mortgage loan b. Mortgage fraud includes the use of misstatements to obtain a mortgage loan c. Mortgage fraud includes the use of misrepresentations to obtain a mortgage loan d. Mortgage fraud includes the deliberate omission of information to obtain a mortgage loan

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ABC Administrators Inc. is a mortgage administration company in Ontario. Regarding financial reporting requirements, which of the following statements is most correct? Select one: a. Monthly bank statements or annual financial statements must be provided to FSRA b. The company must provide financial statements to FSRA upon request c. The company must use GAAP in the preparation of its financial statements d. The company must provide audited financial statements to FSRA within 90 days of fiscal year end
Transcribed Image Text:ABC Administrators Inc. is a mortgage administration company in Ontario. Regarding financial reporting requirements, which of the following statements is most correct? Select one: a. Monthly bank statements or annual financial statements must be provided to FSRA b. The company must provide financial statements to FSRA upon request c. The company must use GAAP in the preparation of its financial statements d. The company must provide audited financial statements to FSRA within 90 days of fiscal year end
Out of the following options, which description of mortgage fraud is least correct? Select one: a. Mortgage fraud includes the use of a power of attorney to obtain a mortgage loan b. Mortgage fraud includes the use of misstatements to obtain a mortgage loan c. Mortgage fraud includes the use of misrepresentations to obtain a mortgage loan d. Mortgage fraud includes the deliberate omission of information to obtain a mortgage loan
Transcribed Image Text:Out of the following options, which description of mortgage fraud is least correct? Select one: a. Mortgage fraud includes the use of a power of attorney to obtain a mortgage loan b. Mortgage fraud includes the use of misstatements to obtain a mortgage loan c. Mortgage fraud includes the use of misrepresentations to obtain a mortgage loan d. Mortgage fraud includes the deliberate omission of information to obtain a mortgage loan
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