A ________ loan is that which deliberately misstates the qualifications of a borrower to push a loan through the approval process.

Name: A ________ loan is that which deliberately misstates the qualifications of a borrower to push a loan through the approval process.
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Question

Quizplus · Accepted Answer

A "liar" loan refers to a type of loan that involves misrepresentation or lack of verification of the borrower's qualifications, such as income, assets, or employment status, to secure approval.

A ________ Loan Is That Which Deliberately Misstates the Qualifications