« previous next »

Author Question: Under the TILA, a qualified mortgage (QM) A) limits up-front points and fees to 5 percent. B) limits ... (Read 232 times)

itsmyluck

  • Hero Member
  • *****
  • Posts: 546
on: Jun 24, 2018
Under the TILA, a qualified mortgage (QM)
 A) limits up-front points and fees to 5 percent.
 B) limits all of a borrower's debt to 43 percent of his or her income.
 C) allows balloon payments only if the borrower agrees up front.
 D) must allow for interest only periods.

Question 2

The maximum rate of interest for credit transactions is established by
 A) state law.
 B) federal law.
 C) the Federal Reserve Board.
 D) the FTC.


xoxo123

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Bobcat in the front yard of a residence in Southern California Bobcat in the front yard of a residence in Southern California
A tracheotomy tube in place, inserted through an opening in the front of the neck and anchored withi A tracheotomy tube in place, inserted through an opening in the front of the neck and anchored withi
The “Big Four” world leaders meet at the Hotel Crillon in Paris, 1919. From left to right (front row The “Big Four” world leaders meet at the Hotel Crillon in Paris, 1919. From left to right (front row
The engine is rotated until the timing marks on the front of the crankshaft line up with zero ... The engine is rotated until the timing marks on the front of the crankshaft line up with zero ...
Spectrum of Food Security Food insecurity and hunger are points along the continuum Spectrum of Food Security Food insecurity and hunger are points along the continuum
At what pH is the amino acid glycine with a Ka of 2.51 × 10-10 sixty-six (66%) percent ... At what pH is the amino acid glycine with a Ka of 2.51 × 10-10 sixty-six (66%) percent ...
Video: Types of synapses - electrical & chemical

For a complete list of videos, visit our video library