INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select
-The Real Estate Settlement Procedures Act governs [mortgage regulations | mortgage closings].
A)for the first item
B)for the second item
C)if neither item will correctly complete the

Question

Quizplus · Accepted Answer

The Real Estate Settlement Procedures Act (RESPA) governs mortgage closings, not general mortgage regulations. RESPA requires that certain disclosures be made to home buyers before closing, and it regulates the fees that can be charged during the closing process.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which