Which federal agency is now responsible for mortgage disclosure ...

[Destiiny22]

Which federal agency is now responsible for mortgage disclosure requirements and mortgage qualification rules?
 A)The Federal Reserve Board
 B)Fannie Mae
 C)The Federal Trade Commission
 D)The Consumer Financial Protection Bureau

Question 2

Discuss the differences in the creation and operation of the fee simple determinable and fee simple subject to a condition subsequent.

[nixon_s]

Answer to Question 1

D

Answer to Question 2

Determinable: uses language such as while, so long as, or for the time. Upon violation of restriction, the estate terminates automatically and reverts to grantor.
Condition subsequent: uses language such as provided, on the condition that, if and only if, or but. Upon violation of restriction, interest terminates only if grantor reenters the property and makes a claim for violation of the restriction.