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Author Question: Robert is purchasing a home from Mrs. McFee. Mrs. McFee is financing the transaction herself and ... (Read 30 times)

gbarreiro

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on: Aug 3, 2018
Robert is purchasing a home from Mrs. McFee. Mrs. McFee is financing the transaction herself and providing the mortgage to Robert. What type of mortgage is characterized by the transaction?
 
  A. Reverse mortgage
   B. Assumed mortgage
   C. Purchase money mortgage
   D. Common law mortgage

Question 2

Federal law promotes accuracy, fairness and privacy of information in the files of consumer credit reporting agencies. The source of this law is:
 
  A. Equal Credit Reporting Act
   B. Fair Credit Reporting Act
   C. Truth in Lending Act
   D. Equal Credit Opportunity Act


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bobsmith

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Reply #1 on: Aug 3, 2018
Answer to Question 1

C

Answer to Question 2

B


gbarreiro

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Reply #2 on: Aug 3, 2018
Both answers were spot on, thank you once again


bobsmith

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Reply #3 on: Aug 3, 2018
Great! Please up vote :D


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