(5) Which of the following is the purpose of the federal Truth-In-Lending Act (T.I.L.A.)?

A. All of the answers are correct

B. To regulate fees charged by lenders

C. To provide consumers with information concerning the cost of credit

D. To limit interest rates

(7) Interest rates on trust deed loans are primarily determined by which of the following?

A. Demand for supply of money

B. National defense policies and status of federally insured loans

C. The relative value of the U.S. dollar

D. None of the answers are correct

(8) Which of the following would not be subject to prorating in an escrow?

A. Title insurance premium

B.Rents

C. Condominium assessments

D. Property taxes

(10) Title to property can be acquired by accession by:

A. No one

B. The county in which it occurred

C. The property owner adjacent to the flow of water

D. The State