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Exam (elaborations)

GFE With 100% ACCURATE QUESTIONS AND ANSWERS GRADED A+

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  • Course
  • Microeconomics
  • Institution
  • Microeconomics

GFE With 100% ACCURATE QUESTIONS AND ANSWERS GRADED A+

Preview 1 out of 4  pages

  • September 15, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Microeconomics
  • Microeconomics
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GFE With 100% ACCURATE QUESTIONS AND ANSWERS GRADED A+




Terms in this set (19)

What is the GFE? Good Faith Estimate

What implementation led to the retirement of GFE The implementation of Integrated Mortgage Disclosures Under the Real Estate Settlement
and Early Truth in Lending? Procedures Act and the Truth in Lending Act Rule (TILA-RESPA)




What disclosures will be replacing GFE and Early Loan Estimate (LE)
Truth in Lending?

The Closing Disclosure (CD) is replacing what Previously required under RESPA and TILA, the Final Truth in Lending Disclosure and the HUD-1
disclosures? Settlement Statement.

When are the Initial Disclosure (mortgage Within three business days of creditor's receipt of application. In any form
servicing disclosure and special information
booklet) suppose to be delivered? 3. An Affiliated Business Arrangement Disclosure Statement



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