Under the Real Estate Settlement and Procedures Act, all of the following are required of the lender EXCEPT
A) submission to the borrower of the booklet "Settlement Costs and You".
B) submission of a "good faith estimate" of loan closing costs.
C) disclosure of the "Annual Percentage Rate".
D) use of the Uniform Settlement Statement for closing.

Question

Quizplus · Accepted Answer

Disclosure of the "Annual Percentage Rate" is not required under RESPA, however it is required under the Truth in Lending Act.

Under the Real Estate Settlement and Procedures Act, All of the Following