What federal statute primarily serves to control the settlement costs of residential mortgage loans?

a. HMDA
b. TILA
c. RESPA
d. ECOA

Ans: c. RESPA

Business

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ABC Construction decides to use an independent contractor to complete the roof of one of its construction projects. All of the following are true regarding use of the independent contractor except

A. ABC can avoid strict liability by engaging a contractor to ensure a safe workplace. B. If ABC negligently selects an independent contractor, ABC is liable for its negligent acts. C. ABC is liable for a contract made by the independent contractor on ABC's behalf if it is ratified by ABC. D. Ultrahazardous activity is usually the subject of strict liability.

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Indicate whether the statement is true or false

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