How did the Tax Reform Act of 1986 increase the appeal of home equity loans?
A) It allowed customers to borrow up to 100 percent of the value of their home.
B) It eliminated bank income taxes from this type of loan.
C) It protected homes under Chapter 13 bankruptcy.
D) It allowed the difference between the market value and amount of loans against a mortgage to be used as a borrowing base.
E) It required banks to lend on homes in the geographic area of their deposits.
Correct Answer:
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