Which of the following is the main objective of FTL legislation?
A) More effective advance disclosure of settlement costs
B) More informative disclosure of the cost of credit
C) Elimination of kickbacks and unearned fees
D) A reduction in the amount of escrow placed in accounts for homeowners
Correct Answer:
Verified
Q22: RESPA has three specific objectives. Which of
Q23: Payment to income ratio is BEST described
Q26: The APR estimate must be accurate only
Q27: Which of the following is typically NOT
Q28: What document usually summarizes the sources,disbursements,charges and
Q29: RESPA requires lenders to disclosure to buyers
Q31: A typical RESPA closing statement contains which
Q32: Which of the following is typically NOT
Q33: RESPA requires lenders to disclose to buyers
Q38: Which of the following groups customarily does
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