Solved

Cora Roth Received Her GFE for Closing Costs of $2,316

Question 74

Multiple Choice

Cora Roth received her GFE for closing costs of $2,316. When she closes on her new home, the closing costs are $2,398.


A) There is no violation of RESPA because the actual costs were within 10% of the estimate.
B) There is no violation of RESPA because the actual costs were within 5% of the estimate.
C) There is a violation of RESPA because the actual costs were not within 1% of the estimate.
D) There is no way of determining whether there was a violation of RESPA from the facts given.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents