GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following requires lenders to provide “good faith” estimates of settlement costs?
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FOIA
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TILA
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NCUA
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RESPA
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Explanation:
Detailed explanation-1: -The Real Estate Settlement Procedures Act (RESPA) requires that banks, mortgage brokers, and mortgage lenders provide borrowers with a Good Faith Estimate and Truth in Lending disclosure as part of the loan process.
There is 1 question to complete.