Truth In L. Regulation Z Flashcards
0
Q
More Regulation Z
A
Monthly payment Cash price Down payment Lender discloser Due dates APR Total paid by the end of the mortgage Okay to use "flexible terms available" Not for business commercial or agriculture.
1
Q
Truth in lending act, (regulation Z)
A
Created to provide full disclosure of terms/loan.
Lenders must use the annual percentage rate( APR)
Borrower are allowed three days right of rescission. If they change their mind.
Refinance on Junior mortgage for first-time residence.
2
Q
More regulation Z
A
Pamphlet call homebuyers guide to settlement cost
