Multiple Choice
Fact Pattern 31-1A (Questions A12-A14 apply)
24-Hour Credit Corporation issues high-cost and high-fee mortgage products to people,including Benny,who could not easily obtain credit under other loan programs.
-Refer to Fact Pattern 31-1A.Under federal law,disclosures with respect to one of 24-Hour Credit's loans must be provided
A) a certain number of days after the loan is finalized.
B) a certain number of days before the loan is finalized.
C) at the same time at which the loan is finalized.
D) at whatever time is most rational and appropriate.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: Kenton borrows $150,000 from Liberty Home Finance
Q19: A reverse mortgage starts as a fixed-rate
Q20: Ruth owns a home on which she
Q21: Lorna borrows $175,000 from Mountainside Credit Union
Q22: Due to a lower default rate,lenders charge
Q24: Foreclosure is the postponement,for a limited time,of
Q25: For most purposes,a mortgage assignee of a
Q26: There are additional disclosure requirements for a
Q27: Darwin borrows $200,000 from Evermore Bank to
Q28: Milo borrows $125,000 from North State Bank