The Home Ownership and Equity Protection Act Requires Home Equity

The Home Ownership and Equity Protection Act requires home equity lenders to

A) verbally disclose the interest rates associated with the mortgage loan.
B) use a practice called "red lining," to determine those customers with the lowest risk of defaulting on the loan.
C) employ loan officers who mirror the demographics of the majority of home buyers in the region.
D) give consumers the right to dispute and correct inaccurate information on their credit reports.
E) disclose, in writing, the borrower's rights, payment amounts, and the consequences of defaulting on the loan.