Which of the following statements is true If only the APR on a standard, 30-year, fied-rate loan transaction increases after the Closing Disciosure has bean issued? A) A revised Closing Disclosure is required at the time of consummation, regardless of arry APR changes. B) A revised Closing Disclosure is required at consummation only if the APR is not more than one eighth of one percentage point above or below the actual APR. C) A revised Closing Disclosure is required at consummation only if the APR is not more than one fourth of one percentage point above or below the actual APR. D) A revised Closing Disclosure is required if the APR increases or decreases by any amount and the finance charges increased by more than $500
Which of the following statements is true If only the APR on a standard, 30-year, fied-rate loan transaction increases after the Closing Disciosure has bean issued? A) A revised Closing Disclosure is required at the time of consummation, regardless of arry APR changes. B) A revised Closing Disclosure is required at consummation only if the APR is not more than one eighth of one percentage point above or below the actual APR. C) A revised Closing Disclosure is required at consummation only if the APR is not more than one fourth of one percentage point above or below the actual APR. D) A revised Closing Disclosure is required if the APR increases or decreases by any amount and the finance charges increased by more than $500
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
Related questions
Question
![Which of the following statements is true If only
the APR on a standard, 30-year, fied-rate loan
transaction increases after the Closing
Disciosure has bean issued?
A) A revised Closing Disclosure is required at the
time of consummation, regardless of arry APR
changes.
B) A revised Closing Disclosure is required at
consummation only if the APR is not more than
one eighth of one percentage point above or
below the actual APR.
C) A revised Closing Disclosure is required at
consummation only if the APR is not more than
one fourth of one percentage point above or
below the actual APR.
D) A revised Closing Disclosure is required if the
APR increases or decreases by any amount and
the finance charges increased by more than
$500](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F87448acc-0087-46a9-b7bd-898fae708651%2F149f9a25-fb42-441d-ae07-f80bdb6535ea%2Ffwsibwo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following statements is true If only
the APR on a standard, 30-year, fied-rate loan
transaction increases after the Closing
Disciosure has bean issued?
A) A revised Closing Disclosure is required at the
time of consummation, regardless of arry APR
changes.
B) A revised Closing Disclosure is required at
consummation only if the APR is not more than
one eighth of one percentage point above or
below the actual APR.
C) A revised Closing Disclosure is required at
consummation only if the APR is not more than
one fourth of one percentage point above or
below the actual APR.
D) A revised Closing Disclosure is required if the
APR increases or decreases by any amount and
the finance charges increased by more than
$500
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