Fact Pattern
Northeast Bank makes mortgage loans to consumers,including Mai,to buy homes.
-Refer to Fact Pattern 16-1B.Under federal law,disclosures with respect to one of Northeast's loans must be provided

Question

Fact Pattern 
Northeast Bank makes mortgage loans to consumers,including Mai,to buy homes.
-Refer to Fact Pattern 16-1B.Under federal law,disclosures with respect to one of Northeast's loans must be provided

Quizplus · Accepted Answer

Under the federal law, disclosures must be provided a certain number of days before the loan is finalized. This is because it gives the borrower sufficient time to review and understand the terms of the loan before they are committed to it.

Fact Pattern Northeast Bank Makes Mortgage Loans to Consumers,including Mai,to Buy Homes