A Copy of a Mortgage Loan Disclosure Statement Prepared by the Broker

question 11

Multiple Choice

A copy of a Mortgage Loan Disclosure Statement prepared by the broker and signed by the borrower must be retained by the broker for at least:

• A) five years
• B) four years
• C) three years
• D) two years

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Definitions:

Body Language

Non-verbal communication through gestures, expressions, postures, and physical behaviors, conveying messages or emotions without words.

Paralanguage

The aspects of spoken communication that do not involve words but do affect meaning, such as tone, pitch, and speed of speaking.

Culturally Patterned

Behaviors, beliefs, or norms that are systematically organized and shared by a group, shaping their way of life.