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Truth in Lending Act Explained | Loan Estimate & Right of Rescission

This session breaks down everything you need to know about the Truth in Lending Act (TILA) for real estate license and NMLS mortgage loan originator exams. Whether you're reviewing Regulation Z or trying to understand what APR means, this is for you. If you're serious about passing the SAFE MLO test, you should check out the ultimate prep bundle: https://shop.studywithdee.com/product... 📘 Chapters: 00:00 - Session Overview 00:32 - Purpose of Truth in Lending Act 03:47 - Regulation Z 04:33 - TILA vs. RESPA vs. TRID 05:44 - Loan Estimate & Closing Disclosure 09:30 - Annual Percentage Rate (APR) 11:55 - Right of Rescission 13:14 - Advertising Requirements 14:23 - Qualified Mortgages (QM Loans) 14:42 - Prohibited Practices 14:52 - High-Coast Loans (HOEPA) 15:51 - Business Day 16:51 - Penalties for Non-Compliance 20:43 - Updates 24:01 - Flashcard Vocabulary Review 40:40 - Exam Tips, Context & Disclaimer 43:48 - Practice Questions & Answers 🎓 Learn more about the Truth in Lending Act: https://www.youtube.com/live/iwokMGKj... #DeeKumarRealEstate

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