An ARM Disclosure Must Be Made Within Three Business Days

question 33

True/False

An ARM disclosure must be made within three business days after a variable interest rate loan is closed.

---

Definitions:

Effect

The change that occurs as a result of an action or cause, often used in the context of visual, audio, or physical outcomes.

Spelling Pane

A tool or sidebar in text processing programs that displays potential spelling errors and suggestions for correction.

Handouts

Printed copies of presentations or documents that are distributed to attendees or participants for reference during meetings, classes, or conferences.

WordArt

A feature in Microsoft Word that allows users to create stylized text with effects such as gradients, shadows, and outlines.