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The Dodd-Frank Wall Street Reform and Consumer Protection Act Amended

Question 12

Multiple Choice

The Dodd-Frank Wall Street Reform and Consumer Protection Act amended the TILA which requires:


A) subprime loans be treated differently than regular home mortgages.
B) subprime loans are no longer allowed.
C) subprime loans must have a balloon payment to allow smaller monthly payments for at risk borrowers.
D) Can charge a penalty for prepayment on adjustable rate mortgages.

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