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RECA Unit 2 Exam QUESTIONS AND ANSWERS 2023 UPDATE GRADED A+

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The purposes of RECA according to the Act is the following... - Answer- 1. Set and enforce rules for industry members to follow, to promote integrity, and protect the consumer from mortgage fraud. 2. Provide services that help industry professionals in the industry. 3. Administer (enforce) the Act through the Rules, Regulations & Bylaws Describe and explain the differences between the Rules, Regulations & Bylaws - Answer- 1: Rules are a set of instructions to be followed by all industry professionals 2. Regulations are the changes (amendments) to the Act (not rules). 3. Bylaws are administrative guidelines (rules) that RECA uses to operate its business

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RECA Unit 2
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RECA Unit 2

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Uploaded on
September 23, 2023
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Written in
2023/2024
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