Itemization

Itemization

Assessment

Flashcard

Professional Development

Professional Development

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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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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