In Accordance with RESPA,whenever a Buyer Obtains a New First

question 17

Multiple Choice

In accordance with RESPA,whenever a buyer obtains a new first mortgage loan from a chartered or insured lender,when the loan is insured by the FHA or guaranteed by the VA,or when the loan will be sold to one of the federally related secondary mortgage market agencies,a good-faith estimate of the settlement costs must be provided by the lender within:

• A)3 business days
• B)5 business days
• C)30 calendar days
• D)90 calendar days

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Definitions:

Popular

Well-liked or favored by many people; often refers to individuals or things that receive a lot of attention and admiration from a wide audience.

Social Loneliness

The feeling of being isolated or alone due to a lack of meaningful connections or social interactions with others.

Quantity

The amount or number of a material or immaterial entity that can be measured.

Friendship

A personal bond or relationship between individuals characterized by mutual affection, trust, and support.