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Question
Property Financial Corporation makes loans that qualify, under a Federal Reserve Board amendment to Regulation Z, as Higher-Priced Mortgage Loans (HPMLs). Quinn applies to Property Financial for an HPML. To make the loan, the lender mustA.convince an appraiser to inflate the value of the property.
B.impose a prepayment penalty for the duration of the loan.
C.structure the loan to specifically evade the HPML protections.
D.verify the borrower's ability to repay the loan.
Answer
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Related questions
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