David Saks: July 2013

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 2265


A loan secured by a fleet of tractors to purchase additional farm equipment would be covered under the Truth In Lending Act.

Is this fact true or false ?

Please take your time. The solution is posted below the wildlife photo.


A. False

The Truth In Lending Act excludes loans made for agricultural purposes.

David Saks

Time&Temp Memphis

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Mr.Saks' participation in ActiveRain ended April 13, 2015.

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Comment balloon 0 commentsDavid Saks • July 15 2013 05:33AM
Real Estate Practice : Lesson 2265
#2265 A loan secured by a fleet of tractors to purchase additional farm equipment would be covered under the Truth In Lending Act. Is this fact true or false Please take… more
Real Estate Practice : Lesson 2264
#2264 Property flipping will involve the charging of processing fees that are not necessary for the services provided by the lender. Is this true or false Please take your… more
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#2263 Fee Packing is a predatory lending practice which imposes the practice of charging points and fees for processing a loan that are out of the ordinary and higher than normally charged. … more
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#2262 An unsecured loan for 50 thousand dollars would be covered by the Truth In Lending Act. Is this fact true or false Please take your time. The solution is below the wildlife… more
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