Fair Housing
The Mortgage Disclosure Improvement Act (MDIA) and TRID together require lenders in Montana to:
AProvide disclosures only upon loan approval
BProvide disclosures at application (Loan Estimate) and at least 3 business days before closing (Closing Disclosure), with waiting periods before closing can occur✓ Correct
COnly disclose the total amount financed
DProvide disclosures only in English
Explanation
TRID (incorporating MDIA requirements) mandates the Loan Estimate within 3 business days of application and the Closing Disclosure at least 3 business days before closing, with mandatory waiting periods that cannot be waived (except in certain bona fide personal financial emergencies).
Related Montana Fair Housing Questions
- A Montana lender who charges a higher interest rate to a minority borrower compared to a similarly qualified white borrower is committing:
- Under the Fair Housing Act, 'reasonable modifications' to a rental unit for a person with a disability are:
- A Montana property manager who charges higher rent to Asian tenants than to white tenants for identical units is guilty of discrimination based on:
- Under the Fair Housing Act, 'reasonable accommodation' for a person with a disability means:
- The federal Fair Housing Act was amended in 1988 to add which protected classes?
- A Montana real estate agent who refuses to show a client homes in a neighborhood because of the agent's personal views about that neighborhood's demographics is committing:
- In Montana, which of the following would be a permissible reason for a landlord to reject a rental application?
- In Montana, a landlord who implements a 'no children under 5' policy for safety reasons (to prevent lead paint exposure in a pre-1978 building) is:
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