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Master Exam #3

Question 149 of 150
Question: The provisions of the Real Estate Settlement Procedures Act (RESPA) apply only to transactions involving certain types of property. Of the following, which types of property must comply with RESPA:
A:  Homes and residential dwellings only;
B:  Urban real estate only;
C:  Condominiums and other common interest subdivisions;
D:  One-to-four family residential dwellings.

Correct Answer is : D

RESPA requirements apply to loans which are for the purpose of acquiring title to one-to-four family residential dwellings.

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