B) Home equity line of credit (HELOC)

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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105 Which of the following real estate mortgage
transactions is subject to the TILA-RESPA
Integrated Disclosure rule (TRID)?
A) Reverse mortgage
B) Home equity line of credit (HELOC)
C) A single-family residence loan secured by real
property
D) Mortgage secured by a mobile home not
attached to land
Transcribed Image Text:105 Which of the following real estate mortgage transactions is subject to the TILA-RESPA Integrated Disclosure rule (TRID)? A) Reverse mortgage B) Home equity line of credit (HELOC) C) A single-family residence loan secured by real property D) Mortgage secured by a mobile home not attached to land
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