Amd Examination For Beginners - Policies & Procedures Set B 2010

40 Questions | Total Attempts: 16

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Policy Quizzes & Trivia

Kindly chose whether the statement is TRUE of FALSE.


Questions and Answers
  • 1. 
    Foreigners can own lots in Mckinley Hill Village.
    • A. 

      TRUE

    • B. 

      FALSE

  • 2. 
    We cannot re-deposit dollar checks that have previously bounced.
    • A. 

      TRUE

    • B. 

      FALSE

  • 3. 
    Clients can purchase a parking slot even if s/he will not purchase a unit.
    • A. 

      TRUE

    • B. 

      FALSE

  • 4. 
    We approve client's request for refund.
    • A. 

      TRUE

    • B. 

      FALSE

  • 5. 
    We have to process a Bank Guarantee Approval Form when account is under bank loan.
    • A. 

      TRUE

    • B. 

      FALSE

  • 6. 
    A RWQC is needed when a client will transfer from 1 unit to another and a CTBS was already executed.
    • A. 

      TRUE

    • B. 

      FALSE

  • 7. 
    CCT stands for Condominium Certificate of Title.
    • A. 

      TRUE

    • B. 

      FALSE

  • 8. 
    Clients are not charged for interest when they avail of restructuring or in-house financing of payment schemes.
    • A. 

      TRUE

    • B. 

      FALSE

  • 9. 
    Accounts that are under Legal Department but were able to settle their obligations are considered SETTLED accounts.
    • A. 

      TRUE

    • B. 

      FALSE

  • 10. 
    We wait for 30 days before we re-open the account to other interested buyers if the client was able to receive the FNCF.
    • A. 

      TRUE

    • B. 

      FALSE

  • 11. 
    AMD should classify accounts as collectible & settlement in the Beginning Report.
    • A. 

      TRUE

    • B. 

      FALSE

  • 12. 
    Accounts under settlement in the Beginning Report can be tagged as collected in the Month End Report.
    • A. 

      TRUE

    • B. 

      FALSE

  • 13. 
    It is not OK to place an account which is for Final Notice in the settlement side.
    • A. 

      TRUE

    • B. 

      FALSE

  • 14. 
    We allow assignment for accounts that are ready for turn-over.
    • A. 

      TRUE

    • B. 

      FALSE

  • 15. 
    FAG is in-charge of auditing the Beginning & Month End Report.
    • A. 

      TRUE

    • B. 

      FALSE

  • 16. 
    CRG is in-charge in completing the compliance required by AR DOCS.
    • A. 

      TRUE

    • B. 

      FALSE

  • 17. 
    AMD is only given 3 months to place the account in the settlement portion.
    • A. 

      TRUE

    • B. 

      FALSE

  • 18. 
    We can process the bank loan even if project is still in the pre-selling stage.
    • A. 

      TRUE

    • B. 

      FALSE

  • 19. 
    OR's can be issued to clients who paid in cash.
    • A. 

      TRUE

    • B. 

      FALSE

  • 20. 
    The Daily Collection Report is submitted to Treasury Department every week.
    • A. 

      TRUE

    • B. 

      FALSE

  • 21. 
    AMD can receive Reservation checks from Marketing agents.
    • A. 

      TRUE

    • B. 

      FALSE

  • 22. 
    Referral Rewards can be obtained by the client even if the referred account was forfeited.
    • A. 

      TRUE

    • B. 

      FALSE

  • 23. 
    Final Notice to Re-open the unit is sent to clients who have already made a total payment of less than 100,000.00 but still have prevailing arrears.
    • A. 

      TRUE

    • B. 

      FALSE

  • 24. 
    A bounced check letter is considered as a Final Notice.
    • A. 

      TRUE

    • B. 

      FALSE

  • 25. 
    AMD can reinstate a forfeited unit to the same buyer as long as unit is still available as confirmed by MIG.
    • A. 

      TRUE

    • B. 

      FALSE

  • 26. 
    6 or more PDC's are allowed to be logged in the group's DCR.
    • A. 

      TRUE

    • B. 

      FALSE

  • 27. 
    75% is the passing grade in AMD.
    • A. 

      TRUE

    • B. 

      FALSE

  • 28. 
    Only 50% of the Buffer Collection is credited in the AMD Personnel's month end report.
    • A. 

      TRUE

    • B. 

      FALSE

  • 29. 
    1 Demerit is given to phone lines that were not answered.
    • A. 

      TRUE

    • B. 

      FALSE

  • 30. 
    An ACS is accomplished to process client's requests.
    • A. 

      TRUE

    • B. 

      FALSE

  • 31. 
    AMD should 1st go to Treasury when processing client's request for check return.
    • A. 

      TRUE

    • B. 

      FALSE

  • 32. 
    AMD can hold a check for up to 30 days without collecting interest.
    • A. 

      TRUE

    • B. 

      FALSE

  • 33. 
    Request to hold check is printed in 4 copies.
    • A. 

      TRUE

    • B. 

      FALSE

  • 34. 
    The Tenant Movement Update is provided by Property Admin to AMD.
    • A. 

      TRUE

    • B. 

      FALSE

  • 35. 
    AMD can fax the AFT direct to the Property Admin.
    • A. 

      TRUE

    • B. 

      FALSE

  • 36. 
    The bank loan checklist & the BGAF are one and the same.
    • A. 

      TRUE

    • B. 

      FALSE

  • 37. 
    An extrajudicial settlement for surviving heirs is needed if the registered buyer died during the acquisition of the property.
    • A. 

      TRUE

    • B. 

      FALSE

  • 38. 
    We can turn-over the unit to the client even if the taxes & fees are not paid.
    • A. 

      TRUE

    • B. 

      FALSE

  • 39. 
    A board resolution / secretary's certificate is a requirement in the signing of the DAS when the account is named under a corporation.
    • A. 

      TRUE

    • B. 

      FALSE

  • 40. 
    The bank usually approves up to 80% of the total contract price of the client.
    • A. 

      TRUE

    • B. 

      FALSE