Florida Psychology Laws And Rules Practice Exam

Which of the following disclosures is NOT typically required under the Real Estate Settlement Procedures Act (RESPA)?

Loan Estimate Closing Disclosure Annual Escrow Statement Good Faith Estimate (GFE) for all loan types

Correct Answer:

Good Faith Estimate (GFE) for all loan types

Explanation:

The Good Faith Estimate (GFE) was replaced by the Loan Estimate for most mortgage loan applications under TRID (TILA-RESPA Integrated Disclosure) rules, which integrated certain RESPA and TILA disclosures. While GFEs existed, they are not typically required for all loan types currently.

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