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Terms in this set (68)
TILA-RESPA Integrated Disclosure
TRID
Rule (The Final Rule)
Lenders must give a copy of the
booklet, must provide a loan
TRID Rule
estimate (within 3 business days), a
closing disclosure
Real Estate Settlement Procedures
RESPA
Act
A person takes possession & use of
a property belonging to another.
Adverse
Possession must be open,
Possession
notorious, hostile & uninterrupted
for a certain period of time.
Real Estate Settlement Procedures
RESPA Act - requires special information
requirements booklet, requires good faith
include: estimate, requires uniform
settlement statement