If the institution offers both full and reduced documentation loans and there is a pricing premium attached to the reduc

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

If the institution offers both full and reduced documentation loans and there is a pricing premium attached to the reduc

Post by answerhappygod »

If the institution offers both full and reduced documentation loans and there is a pricing premium attached to the reduced documentation loan, the consumer should:

A. Be alerted to this fact
B. Not be alerted to this fact
C. Provide consumers with a clear statement of the options available
D. Not lead consumers with payment option ARMs to choose a non-amortizing or negatively amortizing payment
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!

This question has been solved and has 1 reply.

You must be registered to view answers and replies in this topic. Registration is free.


Register Login
 
Post Reply