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What legislation includes provisions that govern the use of computerized loan origination?

A)Fair Lending Act
B)Real Estate Settlement Procedures Act
C)Equal Credit Opportunity Act
D)Community Reinvestment Act

User Ccallendar
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1 Answer

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Final answer:

The Real Estate Settlement Procedures Act (RESPA) is the legislation that includes provisions governing the use of computerized loan origination. RESPA aims to protect consumers during the home-buying process, promoting transparency and preventing unfair practices.

Step-by-step explanation:

The legislation that includes provisions that govern the use of computerized loan origination is the Real Estate Settlement Procedures Act (RESPA). RESPA is a federal law implemented to protect consumers during the home-buying process, and it includes regulations for loan origination, disclosures, and settlement procedures. It aims to ensure transparency, prevent unfair practices, and promote informed consumer decision-making.

User Divakar Rajesh
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