Under the_________ , lending institutions must notify-within a specified time period- each applicant for a mortgage loan of the precise costs that must be paid at the closing.
A) Real Estate Settlement Procedures Act
B) Real Estate Closing Procedures Act
C) Real Estate Financing Act
D) Real Estate Costs Act
Correct Answer:
Verified
Q52: When a buyer obtains a mortgage, the
Q53: A transfer by a landlord/lessor of real
Q54: Closing costs include fees paid to which
Q55: Which of the following parties is not
Q56: _involves checking the publicly available records of
Q58: Which of the following is likely to
Q59: Which of the following parties is likely
Q60: The final step in a sale of
Q61: The premium in an insurance contract is
Q62: In insurance law, a(n)_ is a contract
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