Which of the following deals with the timely disclosure of the costs to be paid in mortgage settlement transactions?
A. Truth in Lending Act (TILA)
B. Housing and Economic Recovery Act (HERA)
C. Equal Credit Opportunity Act (ECOA)
D. Real Estate Settlement Procedures Act (RESPA)
Answer: D. Real Estate Settlement Procedures Act (RESPA)
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Which of the following statements is FALSE?
A) We can access a firm's sensitivity to interest rates by examining its balance sheet. B) Just as the interest rate sensitivity of a single cash flow increases with its maturity, the interest rate sensitivity of a stream of cash flows increases with its duration. C) By restructuring the balance sheet to increase its duration, we can hedge the firm's interest rate risk. D) A firm's market capitalization is determined by the difference in the market value of its assets and its liabilities.
If a tenant abandons the premises, in most states a landlord is required to mitigate his or her damages
Indicate whether the statement is true or false