The buyer and seller can agree as to whether the purchase contract or the escrow instructions will be controlling.
Correct Answer:
Verified
Q11: The good faith estimate under RESPA must
Q12: There is no specified form to be
Q13: HUD is responsible for RESPA forms and
Q14: RESPA specifies percentage ranges for total good
Q15: RESPA limits amounts that lenders can hold
Q17: The escrow agent bears the responsibility for
Q18: An escrow agent cannot be held liable
Q19: An escrow agent's authority is limited to
Q20: Escrow instructions are a contract between buyer,
Q21: RESPA does not apply to residential refinancings.
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