RESPA Has Three Specific Objectives

question 15

Multiple Choice

RESPA has three specific objectives. Which of the following is NOT one of those objectives?

• A) More effective advance disclosure of settlement costs
• B) More informative of the cost of credit
• C) Elimination of kickbacks and unearned fees
• D) A reduction in the amount of escrow placed in accounts for homeowners

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Definitions:

Ventilation

The process of moving air in and out of the lungs to facilitate gas exchange with the internal environment, particularly to remove carbon dioxide and bring in oxygen.

Thoracic Cavity

An anatomical space located within the chest, bounded by the ribs, sternum, and diaphragm, housing the lungs and heart.

Alveoli

Tiny air sacs in the lungs where gas exchange between the air and blood takes place.

Pulmonary Fibrosis

A lung disease that occurs when lung tissue becomes damaged and scarred, which can severely hamper respiratory function.