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Unformatted text preview: he exception of a: A B Loan for construction of a new dwelling First trust deed used to finance the acquisition of a dwelling
Licensing School for Appraisal, CPA, Contractors, Insurance, Real Estate, Notary, Nurse, Food Handlers, Tax and Securities 11-28 11: FINANCING DISCLOSURE REQUIREMENTS
C D 5. Neither “A” nor “B” Both “A” and “B Federal Reserve Regulation Z: A. B C D. Never applies to real estate brokers Applies to all advertising of real estate brokers Applies to advertising of real estate brokers only if some of the available credit terms are given None of the above 6. Disclosure requirements for purchase money credit extensions by sellers, or seller carryback situations, are prescribed by: A B C D. Regulation Z California Civil Code RESPA All of the above 7. RESPA prohibits: A. B. C D. A seller insisting, as a condition of sale, that the buyer use a particular title company The forced sale of a residence Claims against unsecured judgments A licensee from advising on a homestead issue 8. The federal law designed to protect and inform homebuyers against unnecessarily high closing costs is known as the: A. B. C. D. Equal Credit Opportunity Act Real Estate Settlement Procedures Act Uniform Settlement Statement Consumer Credit Protection Act 9. The federal law designed to prevent discrimination by lenders based on sex is known as the: A. B. C. D. Equal Credit Opportunity Act Real Estate Settlement Procedures Act Uniform Settlement Statement Consumer Credit Protection Act
Dynasty School (www.dynastySchool.com) 11-29 REAL ESTATE FINANCE 10. The Holden Act primarily addresses: A. B. C. D. Sex and age discrimination Redlining Health and safety Variable rate disclosures Answer Key: 1–C, 2–D, 3–D, 4–C, 5–B, 6–A, 7–A, 8–B, 9–A, 10–B 11-30 Licensing School for Appraisal, CPA, Contractors, Insurance, Real Estate, Notary, Nurse, Food Handlers, Tax and Securities 12: QUALIFYING THE PROPERTY CHAPTER 12: QUALIFYING THE PROPERTY PREVIEW
This chapter describes the pr...
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This note was uploaded on 12/30/2010 for the course SOC 101 taught by Professor Zhung during the Spring '10 term at Punjab Engineering College.
- Spring '10