Exam (elaborations)
CFPB MCT 4 EXAM WITH CORRECT SOLUTIONS 2024
- Course
- Institution
6. Which transaction meets the prepayment penalty coverage test and is therefore a high-cost mortgage? A. A $125,000 mortgage with a penalty of $1,500 flat fee if the loan is paid off before the 6 year maturity B. A $30.000 mortgage with a penalty of $500 flat fee is the loan is paid off within...
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