Finance
In Virginia, lenders are required to provide the HUD-approved home buyer education counseling booklet to applicants for:
AAll mortgage applications
BRESPA-covered mortgage loan applications✓ Correct
COnly VA loans
DOnly USDA loans
Explanation
RESPA requires that the Special Information Booklet (or equivalent HUD-approved booklet about settlement services) be provided to applicants for RESPA-covered purchase mortgage loans.
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