If a real estate loan is paid off in advance of the due date, some lenders are legally allowed to charge a penalty. This is called what type of penalty?
A) acceleration
B) alienation
C) prepayment
D) balloon
Correct Answer:
Verified
Q7: Under the Real Property Loan Law, the
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Q17: Under a trust deed (deed of trust)
Q18: RESPA stands for:
A) Real Estate Settlement Procedures
Q19: To settle the estate of the deceased,
Q22: Any loan payment twice as large as
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Q24: Real estate advertisements must comply with:
A) ECOA
Q25: An annual percentage rate (APR):
A) is not
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