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Question 14 1 pts With respect to real estate transactions, the Truth-in-Lending Act applies only to loans to purchase commercial property True Question 15 1

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Question 14 1 pts With respect to real estate transactions, the Truth-in-Lending Act applies only to loans to purchase commercial property True Question 15 1 pts To purchase a house, Ed obtains a mortgage loan from Farmland Loans Inc. Farmland does not record the mortgage The most likely consequence is that the lender will not be able to prove its interest in the property find itself in the position of an unsecured creditor not have a copy of the loan in a separate location. not obtain reimbursement for any of the loan if the debtor defaults

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