Alex is reviewing a mortgage file involving TILA APR and finance-charge rules. Which response best follows the governing rule?
Correct Answer
C) Use the Regulation Z disclosure rule before closing
Regulation Z requires accurate APR, finance-charge, disclosure, and mortgage-credit practices. The best answer is "Use the Regulation Z disclosure rule before closing".
Why This Is the Correct Answer
Regulation Z requires accurate APR, finance-charge, disclosure, and mortgage-credit practices. The best answer is "Use the Regulation Z disclosure rule before closing".
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during a TILA right of rescission review, a loan file reviewer identifies an issue involving TILA right of rescission. Which response is most compliant?
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