Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

NMLS > Regulations > Flashcards

Regulations Flashcards

1
Q

What does RESPA stand for? RESPA is Regulation _ .

A

Real Estate Settlement Procedures Act

Regulation X

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

RESPA applies to what transactions?

A

Mortgage loans on 1-4 unit residential properties.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is the regulation that prohibits “unfair or deceptive acts or practices”?

A

Section 5 of the FTC Act (Federal Trade Commission Act)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

NMLS (22 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions