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6 Cards in this Set
- Front
- Back
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What does respa stand for |
Real estate settlement procedures act requires disclosure of closing costs to loan application |
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Federal regulations that combined disclosure requirements of the truth in lending act and respa |
The trid rule |
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When a buyer assumes a mortgage how does it appear on the settlement statement who's the credit who's the debit |
A credit to the buyer and a debit to the seller |
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Who pays Lenders title Insurance? |
The buyer as a closing cost |
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How is prepaid interest to a buyer and when is it paid |
Buyers debit and paid up front |
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if a seller is not a US citizen or resident alien the escrow agent generally has to deduct 15% of the amount and send it to the IRS what is this |
F i r p t a |
