The Home Equity Loan Consumer Protection Act:
A) defines a principal dwelling to include second or vacation homes.
B) amends the Truth-in-Lending Act to require that lenders provide a disclosure statement to potential borrowers at least five days before they receive an application for the loan.
C) only covers loans with adjustable rate mortgages.
D) forbids the creditor from accelerating the outstanding balance of the loan if the consumer fails to make payments on time.
Correct Answer:
Verified
Q41: The National Highway Traffic Safety Administration:
A) recalls
Q42: The Consumer Product Safety Commission:
A) only has
Q43: The Equal Credit Opportunity Act prohibits discrimination
Q44: Under the Fair Credit Reporting Act:
A) credit
Q45: When the creditor has been notified that
Q47: Which of the following acts requires disclosure
Q48: Since 1976, the Food and Drug Administration
Q49: The Consumer Review Fairness Act of 2016
Q51: In 1974, Congress enacted what law to
Q56: Most lemon laws define a lemon as
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents