Final answer:
RESPA exemptions include loans on properties over 25 acres, business or commercial loans, and temporary financing such as construction loans. The correct option is (C).
Step-by-step explanation:
The question concerns which types of loans are exempt from the Real Estate Settlement Procedures Act (RESPA). RESPA is a federal law that was enacted to ensure that consumers are provided with greater and more useful information on the cost of mortgage settlements and to protect consumers from unnecessarily high settlement charges caused by certain abusive practices.
The answer to the question is Loans on properties with more than 10 acres. RESPA does not apply to loans for properties that are over 25 acres or for business, commercial, or agricultural purposes, assuming they do not include a residential property with one to four units. Hence, options (A), (B), and (D) do not fit the exemption criteria, as they can still fall under RESPA if they involve a residential transaction.
Other common exemptions from RESPA include loans for vacant land (unless a dwelling will be constructed within two years), loans primarily for business or commercial purposes, and temporary financing such as construction loans.