Payment

Question 1

Default

Answer 1

when lender doesn’t pay the full amount of each payment on the date that its due .

Question 2

Loan

Answer 2

the debt evidence by the note , plus interest , any prepayment charges and lated charges are due under the note and all the sums due under this security instrument ,plus interest.

Question 3

RESPA

Answer 3

Real Estate Settlement Procedures Act refers to all requirement and restrictions that are imposed in regard to a “ federally related mortgage loan