Finally, a spousal guaranty is protection against a situation where the franchisee is looking to hide assets or circumvent the franchise agreement by transferring assets to the spouse. A guaranty blocks this method of hiding assets if the franchisor becomes the franchisee's creditor.
Regulation B prohibits creditors from requesting and collecting specific personal information about an applicant that has no bearing on the applicant's ability or willingness to repay the credit requested and could be used to discriminate against the applicant.
A creditor cannot ask for or require the signature of an applicant's spouse or any other additional party on a credit instrument if the applicant: requests an individual credit account, and. individually meets the creditor's standards for creditworthiness for the amount and terms of the credit requested.
For businesses with gross annual revenues greater than $1 million, Regulation B requires only that a creditor provide notice within a reasonable time. A creditor must notify the applicant of adverse action within: 30 days after receiving a complete credit application.
A detailed explanation can be found in section 229.12 of Regulation CC. But remember, the Expedited Funds Availability Act requires the first $225 of a deposit that is not already subject to next-day availability to be made available by the first business day following the day of deposit.
As my colleague Cary Coglianese has written, the government has many different regulatory tools in its belt, and it regulates different industries in different ways. Three main approaches to regulation are “command and control,” performance-based, and management-based. Each approach has strengths and weaknesses.
The spousal benefit can be as much as half of the worker's "primary insurance amount," depending on the spouse's age at retirement. If the spouse begins receiving benefits before "normal (or full) retirement age," the spouse will receive a reduced benefit.
California is a no-fault divorce state, meaning you can end your marriage without stating a reason for wanting to do so. You can also divorce your spouse without their consent or even receive a response from them, as long as you have made a reasonable effort to contact them.
A spousal consent form is an acknowledgement by your spouse that you are receiving a loan associated with real property. Spousal consent may be required by your mortgage lender depending on the state in which the subject property is located and the state in which your primary residence is located.
Regulation B also mandates that lenders provide oral or written notice of rejection to failed applicants within 30 days of receiving their completed applications. The notice must explain why the applicant was rejected or give instructions for how the applicant can request this information.
Explanation: An example that is NOT a prohibited basis for the Equal Credit Opportunity Act is annual income and military status.
The Consumer Financial Protection Bureau has issued regulations under ECOA. These regulations, known as Regulation B , provide the substantive and procedural framework for fair lending.
If the annuitant withdraws funds from the Spousal RRSP within 3 years of a contribution, that amount will be added to the contributor's taxable income in the year of the withdrawal.
With spousal protection, an IRA account owner can be named annuitant and their spouse co-annuitant; both can be named a beneficiary. As a result, the death benefit will go to the surviving spouse, no matter which spouse passes away first.
A spousal consent is a document signed by the spouse of a member in a limited liability company that has an operating agreement amongst the members or a shareholder in a corporation that has a shareholders agreement amongst the shareholders.
What is Silent Divorce? In a silent divorce, the couple is legally married, but they have lost the emotional bond they once had. Although they live together and appear to have a regular marriage, they live separate lives. The couple typically lives in the same house but has limited to no interaction.
What is a Default Divorce in California? If due diligence fails and the spouse successfully avoids the attempts to serve the papers, the process moves into a default divorce process.
Can you get a divorce without notifying your spouse? Generally, no. Although courts may make an exception if notifying your soon-to-be ex-spouse is not possible. In most instances, service of process on your spouse is required.
you're eligible for some of your ex's Social Security
wives and widows. That means most divorced women collect their own Social Security while the ex is alive, but can apply for higher widow's rates when he dies.
Have you heard about the Social Security $16,728 yearly bonus? There's really no “bonus” that retirees can collect. The Social Security Administration (SSA) uses a specific formula based on your lifetime earnings to determine your benefit amount.
Innocent spouse relief can relieve you from paying additional taxes if your spouse understated taxes due on your joint tax return and you didn't know about the errors. Innocent spouse relief is only for taxes due on your spouse's income from employment or self-employment.
Licensure is the most restrictive form of regulation, yet it provides the greatest level of public protection.
Understanding The 3 R's
Regulate, relate, and reason. This is the process of moving from the bottom to the top in order to support re-regulation of a dysregulated child. Our goal ultimately is for the child to internalize these techniques and develop the capacity of self-regulation.
Regulations can lead to barriers to entry by imposing costs or requirements that are difficult for new competitors to meet. High startup costs, complex licensing procedures, and regulatory compliance can all deter potential entrants, leading to less competition and possibly higher prices for consumers.