Itemization
Flashcard
•
Professional Development
•
Professional Development
•
Practice Problem
•
Hard
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10 questions
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1.
FLASHCARD QUESTION
Front
For Indiana, is correct enter fees associated with the trade-in (excluding taxes) in the Title/License field?
Back
False
2.
FLASHCARD QUESTION
Front
Which documents are needed to complete the Itemization section?
Back
Buyers Order and RIC
3.
FLASHCARD QUESTION
Front
Which of the following is the type of fee for Sales Price: Freight, Dealer Markup, Dealer adjustment?
Back
All of the above
4.
FLASHCARD QUESTION
Front
Which of the two sections in the deal summary should match? Contract APR - Computed APR, Total ATF - Computed Total ATF, Finance Charge - Computed Finance Charge, Max APR - RM Buyrate
Back
Contract APR - Computed APR
5.
FLASHCARD QUESTION
Front
For the itemization, we must match the total ATF with the RIC, in order to have the real amount on CLO?
Back
True
6.
FLASHCARD QUESTION
Front
We need a Buyers order for California State deal
Back
False
7.
FLASHCARD QUESTION
Front
If you have 'Infrastructure Maintenance Fee' for South Carolina in the RIC, in which field should we write down this fee?
Back
Sales Tax
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