If the institution offers both full and reduced documentation loans and there is a pricing premium attached to the reduc
Posted: Thu Jul 21, 2022 8:49 pm
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
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