Chapter 19, Problem 19.7RQ

To determine

Concept Introduction:Codes of professional conducts include a list of principles and regulations which define the set of standards of ethic and professional behavior that require for each members of the entity. It gives the general outline for the institute and its members, how they should behave and perform.

To Describe: The types of personal loansfrom financial institutions that are allowed by the rule of conduct and define normal lending procedures, terms, and requirement in this context.