Federal law requires lenders to provide the borrower with an outline of all the elements of a typical real estate transaction, in plain English, that explains what the buyer and seller can expect during the transaction. The source of this law is:
A. Real Estate Settlement Procedures Act
B. Fair Credit Reporting Act
C. Truth in Lending Act
D. Equal Credit Reporting Act
A
You might also like to view...
"BI" coverage protects the insured from claims made against the insured for:
a. Property damage claims. b. Personal injury claims. c. Business interruption loss claims. d. None of the above.
Paralegals should check potential conflicts of interest:
A. If they believe one exists B. Always, no matter what the situation C. Only if the supervising attorney says to do so D. Only if the opposing counsel says that it is necessary
When did the Industrial Revolution begin?
A) 1700s B) 1800s C) 1900s D) None of the above
The right to freedom from unreasonable search and seizure is contained in:
a. The federal constitution b. U.S. statutes c. EPA regulations d. Municipal ordinance