Truth-in-Lending disclosures are provided to the borrower by

Study for the California Escrow Exam. Dive into detailed content with flashcards and multiple choice questions, accompanied by explanations and hints. Ensure your success on test day!

Multiple Choice

Truth-in-Lending disclosures are provided to the borrower by

Truth-in-Lending disclosures explain the cost of credit and must come from the lender to the borrower. The good-faith estimate of settlement costs is also a lender-provided RESPA disclosure given early in the process. The closing agent (title officer) handles the closing package and ensures the borrower receives the final disclosures at closing. Because the borrower typically receives these disclosures through the lender and the closing process, it’s accurate to say that both the title officer and the lender are involved in providing them.

Truth-in-Lending disclosures explain the cost of credit and must come from the lender to the borrower. The good-faith estimate of settlement costs is also a lender-provided RESPA disclosure given early in the process. The closing agent (title officer) handles the closing package and ensures the borrower receives the final disclosures at closing. Because the borrower typically receives these disclosures through the lender and the closing process, it’s accurate to say that both the title officer and the lender are involved in providing them.

More practice questions