Real Estate Law 77

admin 2019.05.13 20:50 Views : 236

Check Your Understanding Answers

  1. What does the Truth in Lending Act require lenders to disclose to buyers?

    The true cost of obtaining credit so that borrowers can compare the costs of various lenders
     
  2. Who does Regulation Z apply to?

    All media including websites, billboards, radio, TV, and direct mailing
     
  3. Why was the Community Reinvestment Act passed?

    To prevent redlining
     
  4. List three warning signs of predatory lending. (Additional correct answers on page 70.)
    • Phrases such as “guaranteed approval” and “no income verification”
    • Large balloon payments or significant increases in the interest rate after a short period
    • Loan fees between 5-7% of the loan amount
No. Subject Author Date Views
302 Quiz 12 admin 2019.05.15 13581
301 Real Estate Law 85 admin 2019.05.15 231
300 Real Estate Law 84 admin 2019.05.15 240
299 Real Estate Law 83 admin 2019.05.15 321
298 Real Estate Law 82 admin 2019.05.15 189
297 Real Estate Law 81 admin 2019.05.15 232
296 Real Estate Law 80 admin 2019.05.15 229
295 Real Estate Law 79 admin 2019.05.14 218
294 Real Estate Law 78 admin 2019.05.14 246
293 Quiz 11 admin 2019.05.13 11018
292 Review Chapter 11 admin 2019.05.13 14154
» Real Estate Law 77 admin 2019.05.13 236
290 Real Estate Law 76 admin 2019.05.13 215
289 Real Estate Law 75 admin 2019.05.13 225
288 Real Estate Law 74 admin 2019.05.13 226
287 Real Estate Law 73 admin 2019.05.13 218
286 Real Estate Law 72 admin 2019.05.13 196
285 Real Estate Law 71 admin 2019.05.13 217
284 Real Estate Law 70 admin 2019.05.13 217
283 Real Estate Law 69 admin 2019.05.13 247