Which of the following requires mortgage lenders to verify the income, job status, and credit history of mortgage applicants before extending a mortgage?

Question

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The Financial Reform Act of 2010, also known as the Dodd-Frank Act, includes provisions such as the Ability-to-Repay rule that require mortgage lenders to verify a borrower's ability to pay back a loan before approving it. This includes verifying income, job status, and credit history. The other options listed do not pertain specifically to mortgage lending requirements.

Which of the Following Requires Mortgage Lenders to Verify the Income