Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
5 Cards in this Set
- Front
- Back
|
Covered loan amendments 2 |
1) APR on mortgage/deed must be more than 8% over the yield on Treasury securities with comparable periods of maturity. 2) the total points and fees payable by the consumer must be higher than 6% of the total loan amount. |
|
|
Points and fees (Finance code 4970) |
Items required to be disclosed as financial charges, not including interest; all compensation paid to mortgage brokers in connection with the loan transaction. |
|
|
Consumer loan (Finance code 4970) |
Consumer credit transaction secured by real property located in California, which is used as the principal dwelling of the consumer. |
|
|
Original Principal Balance |
The total initial amount the consumer is obligated to repay on the loan. |
|
|
Real Estate Fraud Prosecution Trust Fund |
Money MUST ONLY BE USED in connection with investigations involving recorded real estate documents |
