National Real Estate Exam Quiz
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FINANCING AND SETTLEMENT
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Which act most directly addresses a lender denying credit because an applicant receives public assistance income?
A
TILA, because it standardizes disclosure of loan terms and payments.
B
RESPA, because it governs escrow and settlement service fees.
C
ECOA, because it prohibits discrimination based on receipt of public assistance.
D
TRID, because it combines Truth-in-Lending and settlement disclosures.
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