WorksheetsExam: Loans Operations
Total questions: 20
Worksheet time: 10mins
Name
Class
Date
1.
1. Approval Media for SME Loans that contains the terms and conditions of the loan, with conformity of approving authorities
a)
A. General Loans Agreement
b)
B. Offering Slip
c)
C. Letter of Undertaking
d)
D. Credit Advice
2.
2. System used to implement loan amendments
a)
A. XMAN
b)
B. RUSH.net
c)
C. ILAPS
d)
D. ILS
3.
3. Which of the following documents is always required for mortgage account, regardless of loan purpose?
a)
A. CAML
b)
B. SPA
c)
C. Letter of Guaranty
d)
D. ULAMA
4.
4. What additional loan document is required if loan purpose is Acquisition with Refinancing from other Bank?
a)
A. CAML
b)
B. SPA
c)
C. Letter of Guaranty
d)
D. ULAMA
5.
5. For back-to-back Loans, what is the standard loan collateral ratio (LCR) for a dollar-denominated Loan?
a)
A. 70%
b)
B. 80%
c)
C. 90%
d)
D. 100%
6.
6. Type of encumbrance on real property acquired by the registered owner from the distribution of the estate of the deceased
a)
A. Section 4 Rule 74
b)
B. Section 7 RA 26
c)
C. Lis Pendens
d)
D. Adverse Claims
7.
7. Type of encumbrance on real property on lost or destroyed title, thus reconstituted
a)
A. Section 4 Rule of 74
b)
B. Section 7 RA 26
c)
C. Lis Pendends
d)
D. Adverse Claims
8.
8. For construction loans, Charter Ping An automatically covers the Fire insurance upon 90 % stage of completion.
a)
A. True
b)
B. False
9.
9. A Title with Free Patent may be sold, mortgaged, or levied upon, after a period of five years, from or after the date of issuance of patent or grant.
a)
A. True
b)
B. False
10.
10. If a mortgage account is for foreclosure, the Original Patentee Holder can only redeem the property after one (1) year.
a)
A. True
b)
B. False
11.
11. A Filipino couple, one of whom was able to obtain divorce, can sign singly on loan documents.
a)
A. True
b)
B. False
12.
12. Signing and sending of LOG is centralized at LOD to be forwarded to Loans Review and Booking Department (LRBD).
a)
A. True
b)
B. False
13.
13. Manual printing of ATD is allowed.
a)
A. True
b)
B. False
14.
14. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment.
a)
A. True
b)
B. False
15.
15. In claims and refund process, claimant should process claim documents and submit to PSBank within fifteen (15) calendar days from the time of death of the assured.
a)
A. True
b)
B. False
16.
16. For Life insurance, maximum issue amount is Php30.0MM.
a)
A. True
b)
B. False
17.
17. Family code law states that if the marriage was celebrated prior to the effectivity of the Family Code on August 3, 1988, then only the properties acquired after the marriage are co owned by the spouses.
a)
A. True
b)
B. False
18.
18. If the marriage was celebrated after August 3, 1988, then the spouses become common owners of the properties they acquired, before or during the marriage.
a)
A. True
b)
B. False
19.
19. Loan take out from Pag-IBIG and private lending companies is still allowed.
a)
A. True
b)
B. False
20.
20. Title verification is only up to 1st trace back.
a)
A. True
b)
B. False
100 %
