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skelet666 [1.2K]
4 years ago
6

Under the real property loan law, the maximum amount a borrower can pay for closing costs, excluding commission, regardless of t

he size of the loan, is:
Business
1 answer:
Angelina_Jolie [31]4 years ago
8 0
The correct answer to this question is that:  
<span>Under the real property loan, the maximum amount a borrower can pay for closing costs is $700. </span>  
<span>
The law states that the amount shall not exceed 5% of the principal amount of the loan or $390, whichever is greater but not exceeding $700.</span>
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I hope my answer helps you

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4 years ago
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A strong transaction system

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4 years ago
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