A local federal savings and loan makes a home loan. RESPA requires that
A) a good faith estimate of closing costs be given to the borrower.
B) an HEW closing statement be used for the closing.
C) a credit application be filed with escrow.
D) a credit statement be given the borrower.
Correct Answer:
Verified
Q26: During a "dry closing" the deed is
Q27: Escrow closings cannot be used when refinancing
Q28: In an escrow closing, the escrow agent
Q29: A settlement meeting may take place in
Q30: The seller has just sold her home
Q32: In a closing statement, the amount of
Q33: Details that must be handled between the
Q34: When a real estate settlement is held
Q35: According to the Real Estate Settlement and
Q36: In an escrow closing, funds are disbursed
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