Truth in Lending Act Explained | Loan Estimate & Right of Rescission

Описание: This session breaks down everything you need to know about the Truth in Lending Act (TILA) for real estate license and NMLS mortgage loan originator exams. Whether you're reviewing Regulation Z or trying to understand what APR means, this is for you. If you're serious about passing the SAFE MLO test, you should check out the ultimate prep bundle: https://shop.studywithdee.com/product... 📘

Chapters:
00:00 - Session Overview
00:32 - Purpose of Truth in Lending Act
03:47 - Regulation Z
04:33 - TILA vs. RESPA vs. TRID
05:44 - Loan Estimate & Closing Disclosure
09:30 - Annual Percentage Rate (APR)
11:55 - Right of Rescission
13:14 - Advertising Requirements
14:23 - Qualified Mortgages (QM Loans)
14:42 - Prohibited Practices
14:52 - High-Coast Loans (HOEPA)
15:51 - Business Day
16:51 - Penalties for Non-Compliance
20:43 - Updates
24:01 - Flashcard Vocabulary Review
40:40 - Exam Tips, Context & Disclaimer
43:48 - Practice Questions & Answers

🎓 Learn more about the Truth in Lending Act: https://www.youtube.com/live/iwokMGKj...

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