RESPA does not allow certain fees to be increased at time of settlement

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RESPA does not allow certain fees to be increased at time of settlement

A. True
B. False - Increases must be reasonable and within tolerance

Answer: B. False - Increases must be reasonable and within tolerance

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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