An owner is refinancing their present home loan. The disclosure of the financing changes on the new loan would be covered under the:
A. Statute of frauds.
B. Federal Fair Housing Law.
C. Truth in Lending Act/Regulation Z.
D. Real Estate Settlement Procedure Act (RESPA).
Answer: C. Truth in Lending Act/Regulation Z.
Business
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From the information presented in Table 4-6, calculate the following ratios for the Springfield Power Co
i. current ratio ii. acid test ratio iii. average collection period iv. inventory turnover v. gross profit margin vi. operating profit margin vii. net profit margin viii. total asset turnover
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Which of the following is a role of the secondary market?
A) Keep prices level B) Give information for securities on sale in the primary market C) Trade long term securities only D) Offer securities for sale for the first time E) Establishing security prices
Business