When considering a ARM loan, the lender must explain to the borrower, in writing, the
A) worst-case scenario.
B) best-case scenario.
C) average-case scenario.
D) respective credit report.

Name: When considering a ARM loan, the lender must explain to the borrower, in writing, the A) worst-case scenario. B) best-case scenario. C) average-case scenario. D) respective credit report.
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Question

Quizplus · Accepted Answer

The lender is required to disclose the worst-case scenario to the prospective borrower.

When Considering a ARM Loan, the Lender Must Explain to the Borrower