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:

Influenza A

A subtype of the influenza virus that can infect humans and animals, known for causing seasonal flu epidemics and potentially pandemic strains.

Sorting

The process of organizing items into categories based on specific criteria.

Nuclear Chain Reaction

A series of nuclear reactions where a reactive product causes additional reactions to take place, crucial in nuclear energy and atomic bombs.

Dirty Bomb

A type of radiological dispersal device that combines conventional explosives, such as dynamite, with radioactive material to contaminate an area with radiation.