Multiple Choice
The Dodd-Frank Act of 2010:
A) requires that lenders ensure borrowers will repay their mortgage loans.
B) prohibits unfair and deceptive lending practices, although subprime mortgages are excluded from the scope of the Act.
C) expands protection for borrowers of high-cost mortgage loans.
D) requires that lenders disclose the minimum amount a consumer could pay on a variable rate mortgage.
Correct Answer:
Verified
Correct Answer:
Verified
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