What information would you need to obtain from your client

Reference no: EM133389248

Questions:

1. What information would you need to obtain from your client (the lender or the borrower) a mortgage and a promissory note for a residential real estate transaction? You should refer to the sample documents provided to find the type of information you need.

2. Identify the Massachusetts statute regarding criminal usury and the maximum rate of interest that can be charged for a mortgage loan under the statute. If you live in another state, provide the same information for your state. Do you think the rate is appropriate? Why or why not?

Reference no: EM133389248

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