6-54 Home Equity Loans Have

6-54 Home equity loans have

A) become less profitable for finance companies.
B) seen reduced demand since the Tax Reform Act of 1986 was passed.
C) interest charges that are not tax deductible.
D) a higher bad debt expense than those on other finance company loans.
E) allowed customers to borrow on a line of credit secured with a second mortgage on their home.