Insuarance and taxes - Study guides, Class notes & Summaries

RESPA EXAM QUESTIONS & ANSWERS 100% CORRECT Last document update:   ago

When can the transaction proceed following initial disclosure of APR? - ️️The transaction can proceed to closing after seven business day have elapsed from disclosures What is the purpose of RESPA? - ️️1) Protect consumers from excessive settlement costs and unearned fees 2) Limit the amount of funds that creditors can require consumers to deposit in escrow accounts 3) Establish disclosures, policies, and procedures to facilitate timely communications between loan servicers and c...

RESPA Exam Study Guide Solutions Last document update:   ago

RESPA Exam Study Guide Solutions R.E.S.P.A - ANSWER-Real Estate Settlement Procedures Act What agency administers and enforces the rules and regulations established under RESPA? - ANSWER-Consumer Financial Protection Bureau Section 8 - ANSWER-Prohibits giving or receiving a fee, kickback, or anything of value Loans that RESPA apply to - ANSWER-Federally Mortage-related mortgage loans Regulation - ANSWER-X What is the purpose of RESPA? - ANSWER-1) Protect consumers from excessive settlemen...

INSUARANCE AND TAXES -EVERFI EXAM 2023 Last document update:   ago

INSUARANCE AND TAXES -EVERFI EXAM 2023 ...