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Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322 Exercise 9
The Real Estate Settlement Procedures Act does which of these:
A) Requires the use of a standard settlement statement for a mortgage loan closing.
B) Prohibits kickbacks between vendors of closing-related services and lenders.
C) Requires that a borrower receive a good-faith estimate of closing costs shortly after a loan application.
D) Requires that the borrower be able to inspect the closing statement a day before the actual closing.
E) All of the above.
A) Requires the use of a standard settlement statement for a mortgage loan closing.
B) Prohibits kickbacks between vendors of closing-related services and lenders.
C) Requires that a borrower receive a good-faith estimate of closing costs shortly after a loan application.
D) Requires that the borrower be able to inspect the closing statement a day before the actual closing.
E) All of the above.
Explanation
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a) Requires the use of standard settleme...
Real Estate Principles 3rd Edition by David Ling,Wayne Archer
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