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부동산

Real Estate Law 77

2019.05.13 20:50 Views : 104

Check Your Understanding Answers

  1. What does the Truth in Lending Act require lenders to disclose to buyers?

    The true cost of obtaining credit so that borrowers can compare the costs of various lenders
     
  2. Who does Regulation Z apply to?

    All media including websites, billboards, radio, TV, and direct mailing
     
  3. Why was the Community Reinvestment Act passed?

    To prevent redlining
     
  4. List three warning signs of predatory lending. (Additional correct answers on page 70.)
    • Phrases such as “guaranteed approval” and “no income verification”
    • Large balloon payments or significant increases in the interest rate after a short period
    • Loan fees between 5-7% of the loan amount
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Notice 부동산 용어 (A to Z) 2019.03.03 1379
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170 민사소송 소멸시효 (Statute of Limitations) 2019.04.02 111
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163 Real Estate Practice -3 (Understanding-Answers) 2019.04.11 108
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158 Chapter 14 Conclusion 2019.03.07 107
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» Real Estate Law 77 2019.05.13 104
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