Multiple Choice
Placed under the umbrella of the Consumer Financial Protection Bureau as part of the Dodd-Frank Act of 2010, the Real Estate Settlement Procedures Act (RESPA) requires loan settlement information to be prepared on a special form known as the:
A) Closing Disclosure
B) Servicing Agreement
C) "Your Home Loan Toolkit" booklet
D) Certificate of occupancy
Correct Answer:
Verified
Correct Answer:
Verified
Q1: In general, most contracts - including a
Q2: In certain circumstances, mutual assent between the
Q3: Since hazard insurance premiums are paid up-front,
Q4: At the closing, the buyer will be
Q5: When a party in a contract fails
Q7: Suppose that you decide to purchase a
Q8: Since property taxes are paid in arrears,
Q9: Any contract, whether it is for the
Q10: Both parties to a valid and enforceable
Q11: While fee splitting between cooperating real estate