An unhandled error has occurred.
Reload
X
UIZFORGE
Exams
Pricing
Career Paths
Resources
EN
Login
Sign Up
1
/ 5
Intermediate
A buyer's Closing Disclosure shows a lender credit that offsets an origination charge. The buyer asks whether the credit means the lender can skip APR and finance-charge disclosures. What should the broker understand?
The lender credit eliminates all APR disclosure because the borrower pays less cash.
The broker must recalculate and certify the APR personally.
A lender credit changes title ownership from lien theory to title theory.
Federal credit disclosures still apply even when a lender credit offsets fees.
AI Tutor
Stuck? Get a hint
