Legislation that requires that loan applicants be given certain information,including an estimate of the costs,three days before the closing,is known as:
A)the Real Estate Settlement Procedures Act.
B)the Cooperative Lending Act.
C)the Truth in Lending Act.
D)the Title Insurance Act.
E)the Real Estate Investment Act.

Question

Quizplus · Accepted Answer

The Real Estate Settlement Procedures Act (RESPA) requires that loan applicants be given certain information, including an estimate of the costs, three days before the closing to ensure transparency and fairness in the real estate settlement process.

Legislation That Requires That Loan Applicants Be Given Certain Information,including