Fact Pattern 31-1A (Questions A12-A14 Apply)

Multiple Choice

Fact Pattern 31-1A (Questions A12-A14 apply)
24-Hour Credit Corporation issues high-cost and high-fee mortgage products to people,including Benny,who could not easily obtain credit under other loan programs.
-Refer to Fact Pattern 31-1A.24-Hour Credit assigns Benny's loan to Consolidated Mortgage Investment Corporation.For most purposes,Consolidated

A) acquires the status of a holder in due course (HDC) .
B) has more protection than a mortgage assignee but less than an HDC.
C) is exempt from federal law with respect to mortgages.
D) is subject to claims that Benny could assert against 24-Hour Credit.