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Author Question: Federal law requires lenders to provide the borrower with an outline of all the elements of a ... (Read 53 times)

Pea0909berry

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on: Aug 3, 2018
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

Question 2

Which of the following is not a type of legal letter?
 
  a. an informative letter
  b. an opinion letter
  c. a confirmation letter
  d. a settlement letter


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apple

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

A

Answer to Question 2

d


Pea0909berry

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Reply 2 on: Aug 3, 2018
Great answer, keep it coming :)

xiaomengxian

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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