Term
| Annual Percentage Rate (APR) |
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Definition
| total yearly cost of credit |
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| rumor that a neighborhood is deteriorating |
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| prohibits any type of discrimination based on RACE |
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Definition
| prohibits any type of discrimination based on race, color, religion, sex, national origin, familiar status, or handicap status |
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Definition
| banks & insurance companies deny loan or coverage based on neighborhood |
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Definition
| selective showing of real estate |
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| found in advertisements, include the amount or percentage of down payments, number of payments, amount of any payment, and any finance charges |
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Definition
| Equal Credit Opportunity Act |
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Term
| Where would you get a Fair Housing Poster? |
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Definition
| Department of Housing and Urban Development (HUD) |
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Term
| and what are the seven protected classes |
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Definition
| familial status, race, E sex, handicapped, color, O religion, national origin, FRESHCORN |
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Definition
| real estate settlement procedures act |
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| who requires the use of a uniform settlement statement HUD form 1 |
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Definition
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Term
| how long does the lender have to provide the borrower with the good-faith estimates of probable closing costs |
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Definition
| at the time of application for a loan or within three business days thereafter |
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Definition
| except as authorized by HUD or RESPA no person or persons may give or except kickbacks or referral fees |
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Definition
| a lender may include a prepayment penalty for up to the first 36 months from the creation of the loan but only if the borrower has also been offered a choice of another product with out a prepayment penalty and the borrower must be given a written disclosure of the terms of the prepayment fee |
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Definition
| no lender or its affiliates may refinance a loan to the same borrower within the first 18 months when doing so does not reasonably benefit the borrower |
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Definition
| a structure that is rented for use as a home residents were sleeping person |
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Definition
| the owner or lesser of the dwelling unit |
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Definition
| any person entitled to occupy a dwelling unit under a rental agreement |
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Term
| landlords obligation for rental deposits |
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Definition
| 1 hold the money in a separate non interest bearing Florida Bank and do not comingle or pledge the security deposiit for ant debt 2 hold the money in a separate interest bearing Florida Bank and pay the tenant at least 75 percent of annualized average interest rate or five percent per year simple interest 3 Post a surety bond with the clerk of the Circuit Court in the county in which the real property is located in the total amount of security deposits and advance rents or $50,000 which ever is less and pay the tenant five percent per year simple interest |
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Term
| how long does any landlord have to show the tenant how the security deposit funds were deposited |
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Definition
| 30 days in writing with bank name and address |
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Term
| how long a does the landlord have to return the security deposit and any interest if the landlord does not intend to make a claim against the security deposit |
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Definition
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Term
| how many days has the landlord have to notify the tenant that the landlord intends to impose a claim on the deposit |
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Definition
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Term
| a landlord who runs a duplex or apartments is obligated to provide what services |
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Definition
| test extermination garbage pickup garbage receptacles unless waived in the rental agreement |
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