Borrower Right

From Open Risk Manual


Borrower Right.

example the right not to have a home reposessed. Example: RESPA Real Estate Setetlement Procedures Act (promulgated by HUD to govern real estate practices and disclosures Provisions of good faith estimate (GFE) of loan settlement costs. GFE would be when you apply - you get a GFE back from the lender telling you what it would cost if you close the loan.


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