Udemy
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Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan 
terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called 
__________________________. Predatory Lending. 
RESPA-Real Estate Settlement Procedures Act The Federal Statute that deals with the 
settlement of residential mortgage loans. 
RESPA's section 9 Prohibits Home sellers from requiring home buyers to purchase title 
insurance from a particular company provi...
- Exam (elaborations)
- • 41 pages's •
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Udemy•MLO SAFE NMLS safe practice
Preview 4 out of 41 pages
Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan 
terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called 
__________________________. Predatory Lending. 
RESPA-Real Estate Settlement Procedures Act The Federal Statute that deals with the 
settlement of residential mortgage loans. 
RESPA's section 9 Prohibits Home sellers from requiring home buyers to purchase title 
insurance from a particular company provi...