Closings on commercial properties are not governed under RESPA rules.
Correct Answer:
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Q26: The Patriot Act applies to escrow agents
Q27: Once an escrow is opened, it cannot
Q28: POC is an acronym for "paid on
Q29: Yield spread premiums are illegal under RESPA.
Q30: The Government Mortgage Package is opposed by
Q32: State laws dictate who has the authority
Q33: RESPA applies only to FHA mortgage loan
Q34: There are criminal penalties for violations of
Q35: Under RESPA currently, the RESPA disclosures are
Q36: The YSP need not be disclosed unless
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