The Home Ownership and Equity Protection Act of 1994 created a new category for low-cost and low-fee mortgages.
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Q9: The borrower receives the proceeds of a
Q10: Predatory lending occurs when borrowers take advantage
Q11: The simplest mortgage loan is an adjustable-rate
Q12: A mortgage is a written document that
Q13: A prepayment penalty clause requires the borrower
Q15: A borrower with an interest-only mortgage pays
Q16: The average prime offer rate is the
Q17: The annual percentage rate of a loan
Q18: Consumers can only obtain damages up to
Q19: Loan flipping occurs when the lender manipulates
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