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Ambassador
4,257,193
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

"Truth in lending" says it all, Kennith!

Mar 30, 2019 10:26 PM
Rainmaker
991,135
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

It's kinda self-evident by the title of it.

Mar 31, 2019 06:04 AM
Rainmaker
4,116,775
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I'm wondering what part of "truth in lending" is not clear.

Mar 31, 2019 04:55 AM
Rainmaker
1,736,103
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

As Debe Maxwell, CRS said, it's all in the name.  It's to be sure the buyer understands the total cost of the loan. 

Mar 31, 2019 04:49 AM
Rainmaker
2,062,524
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Great answers. 

Jun 18, 2019 04:06 PM
Rainmaker
1,596,596
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

No idea. 

Jun 18, 2019 03:44 PM
Rainmaker
1,899,269
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

The truth in lending act imposes penalties upon those who do not follow their guidelines. That is how it promotes fairness kennith Frazier 

Mar 31, 2019 08:07 AM
Rainmaker
1,921,264
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker
Mar 31, 2019 07:24 AM
Rainmaker
4,209,376
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

It allows a comparison of true costs. Many do not understand it, but it is disclosure.

Mar 31, 2019 05:11 AM
Rainmaker
4,042,729
Richard Weeks
Dallas, TX
REALTOR®, Broker

Rates and fees must be fully disclosed.

Mar 31, 2019 04:58 AM
Rainmaker
1,230,031
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

It doesn't, Lenders do that abide by it.

Mar 30, 2019 11:43 PM
Ambassador
5,408,079
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Info will set you free.

Mar 30, 2019 07:00 PM
Rainer
187,002
Raj Taj
RE/MAX - Lake Bluff, IL
Drive By Blessings!

"What's the frequency Kennith?"

Mar 30, 2019 06:10 PM
Ambassador
2,605,156
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

You can access Google or other search engines to figure it out for you! Happy research...

Mar 31, 2019 03:43 PM
Ambassador
3,055,932
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I wish you all the best with your real estate studies. 

Mar 31, 2019 11:16 AM
Rainmaker
1,387,173
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

No, that's the "Fairness in Lending Law"  :)

 

All kidding aside, it puts some more safeguards in place but it has nothing to do with being "fair" to other lender or the consumer.

Mar 31, 2019 11:03 AM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Truth.

Mar 31, 2019 08:28 AM
Rainmaker
910,796
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Prior to the passage of the Truth In Lending law, borrowers were often unaware and did not have access to the trust cost of borrowing.

Mar 31, 2019 07:56 AM
Rainmaker
1,153,550
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

One more time you are not studying for loan broker license.  

Mar 31, 2019 07:26 AM
Rainmaker
2,641,652
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Truth in anything is the way to go.....

Mar 31, 2019 07:13 AM
Rainmaker
5,586,219
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

The words express it exactly.

Mar 31, 2019 06:39 AM
Rainmaker
6,606,333
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Disclosure of the correct information is always important.

Mar 31, 2019 06:26 AM
Rainmaker
5,571,886
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

it discloses the "truth"

Mar 31, 2019 06:18 AM
Rainmaker
2,023,890
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

What did your Instructor say ???

Mar 31, 2019 06:08 AM
Rainmaker
4,938,372
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

That is what it is for.

Apr 17, 2019 09:51 AM