RESPA requirements would apply to which of the following transactions?
A. A buyer's loan assumption of a seller's existing loan.
B. A transaction financed solely by a purchase-money mortgage taken back by a seller.
C. A first mortgage to finance the purchase of a single family home.
D. An installment contract (contract for deed) with a seller.
Answer: C. A first mortgage to finance the purchase of a single family home.
Business
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