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97 1008 DOC Dol Form
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People also ask
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What is the Department of Labor Work definition?
In ance with the language of the law and the legislative history, the Department has interpreted "work" as meaning the performance of services for which remuneration is payable. (See page 47 of the 1970 Draft Legislation. Further, the "work" need not be in covered employment. -
What is a Fannie Mae Form 1008?
The Uniform Underwriting and Transmittal Summary Form 1008 summarizes key data from the loan application package. Lenders use this information in signNowing the underwriting decision. Form 1008 (or a similar document) must be retained in the mortgage file for manually underwritten mortgage loans. -
Why was the Department of Labor created?
In the words of the organic act, the Department's purpose is "to foster, promote and develop the welfare of working people, to improve their working conditions, and to enhance their opportunities for profitable employment." -
What is a 1077 form?
Form 1077 summarizes the Seller's underwriting of the Borrower. -
What does DOL mean in employment?
The Department of Labor administers federal labor laws to guarantee workers' rights to fair, safe, and healthy working conditions, including minimum hourly wage and overtime pay, protection against employment discrimination, and unemployment insurance. -
What is the difference between 1003 and 1008?
1003/1008 form A mortgage loan application (1003) and transmittal summary form (1008) developed by Fannie Mae. -
What is the 1008 form?
Form 1008 features all the summary data required for a mortgage loan, plus calculated figures, such as debt-to-income ratio, income, and liability amounts. Loan underwriters process form 1008 data to help them decide on whether to issue a loan and how much to issue.
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