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N The requirement that lenders disclose the annual percentage rate of interest is mandated by the Real Estate Settlement and Procedures Act. Consumer Credit Protection

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N The requirement that lenders disclose the annual percentage rate of interest is mandated by the Real Estate Settlement and Procedures Act. Consumer Credit Protection Act. Equal Credit Opportunity Act. Fair Housing Act. QUESTION 20 Which of the following is a distinguishing feature of a mortgage broker? Mortgage brokers accept deposits from savers and then lend that money to borrowers. Mortgage brokers borrow money from commercial banks and lend it to borrowers. Mortgage brokers act as facilitators to arrange loans between borrowers and lenders. Mortgage brokers issue mortgage-backed securities to replenish their supply of funds

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