Maricopa Community Colleges  REA282AC   19936-20086 
Official Course Description: MCCCD Approval: 07/22/08
REA282AC 19936-20086 LEC 0.75 Credit(s) 0.75 Period(s)
Regulation and Default
Government regulation, mortgage insurance, default and foreclosure remedies, and security instruments in real estate finance in Arizona.
Prerequisites: None.
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MCCCD Official Course Competencies:
 
REA282AC   19936-20086 Regulation and Default
1. Describe instruments used to finance real estate in Arizona. (I)
2. Describe various government regulations and limitations affecting real estate lending activities. (II)
3. Describe the purpose of Federal Regulation "Z". (II)
4. Define default and lender remedies in loan contracts. (III)
5. Describe the purpose of mortgage insurance. (IV)
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MCCCD Official Course Outline:
 
REA282AC   19936-20086 Regulation and Default
    I. Notes, Deeds of Trust, and Mortgages
      II. Government Regulation
          A. Regulation "Z"
          B. Truth in Lending
          C. Good Faith Estimates
          D. Real Estate Settlement Procedures Act (RESPA)
          E. Right of Recission
          F. Community Reinvestment Act
        III. Default and Foreclosure
            A. Judicial and Non-Judicial Foreclosures
            B. Forfeitures and Trustee Sales
          IV. Mortgage Insurance
              A. PMI, MIP, VA Guarantees
              B. Non-Conforming Properties
              C. Loan Servicing
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