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1. What is the reason for a prepayment of interest at the time of settlement procedures?

2. Where are loan closings normally held in your community?

3. What information is normally furnished to the settlement agent (closer) by the mortgage lender just prior to closing?

4. Describe at least three RESPA requirements that call for disclosure of information to a borrower.

5. Discuss requirements of the Truth-in-Lending Act as it relates to finance charges for mortgage loans.

6. What are the limitations on reserve deposits that may be held by a lender for a residential mortgage loan?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92069488

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