Chapter 5-8 Important Dates and Time Periods to Remember

Question 1

Number of days to correct minor infraction listed in notice of noncompliance

Answer 1

15 days

Question 2

Number of days after which a final order becomes effective

Answer 2

30 days

Question 3

Time period to file an appeal

Answer 3

30 days

Question 4

Number of days licensee hast to accept or file a written objection to a citation

Answer 4

30 days

Question 5

Penalty for second-degree misdemeanor

Answer 5

60 days and/or $500 fine

Question 6

Penalty for first-degree misdemeanor

Answer 6

One year and/or $1,000 fine

Question 7

Time period allowed to file claim against recovery fund

Answer 7

2 years

Question 8

Maximum period of suspension

Answer 8

10 years

Question 9

Time period after notice is posted by sheriff that eviction will take and place landlord recovers the property

Answer 9

24 hours

Question 10

Number of days to give information booklet concerning settlement cost to loan applicant (or at time of loan application)

Answer 10

3 business days

Question 11

Number of days for lender to provide APR disclosure (or at time of loan application)

Answer 11

3 business days

Question 12

Number of days to give loan applicant an estimate of settlement costs (or at time of loan application)

Answer 12

3 business days

Question 13

Number of days borrower has the right to cancel the right to cancel the loan contract following signing loan documents for home equity lines of credit, second mortgages, and refinance loans

Answer 13

3 business days

Question 14

Time period allowed to cancel contract under the Interstate Land Sales Full Disclosure Act

Answer 14

7 days

Question 15

Number of days for landlord to return security deposit if not making a claim on deposit

Answer 15

15 days

Question 16

Time period for tenant to file a written objection to the landlord’s claim on deposit

Answer 16

15 days

Question 17

Number of days for landlord to notify tenant if making a claim on the deposit

Answer 17

30 days

Question 18

Number of days to inform tenant regarding how funds are being held

Answer 18

30 days

Question 19

Notice to cancel resale cooperative or condominium contract

Answer 19

3 business days

Question 20

Notice required for week-to-week tenancy at will

Answer 20

7 days

Question 21

Notice to cancel time-share contract

Answer 21

10 days

Question 22

Notice required to cancel month-to-month tenancy at will

Answer 22

15 days

Question 23

Notice to cancel cooperative or condominium contract with developer

Answer 23

15 days

Question 24

Number of days to file a construction lien (retroactive to the date of the first delivery of material or the first day of work)

Answer 24

90 days

Question 25

Number of years of hostile possession to claim adverse possession

Answer 25

7 years

Question 26

Minimum time period of uninterrupted use to create an easement by prescription

Answer 26

20 years