Which of the Following Was Enacted After Widespread Abuses in the Subprime

question 9

Multiple Choice

Which of the following was enacted after widespread abuses in the subprime mortgage market?

• A) The Walsh-Healy Mortgage Reformation and Consumer Protection Act of 2009
• B) The Mortgage Lending and Financial Reform Act of 2009
• C) The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
• D) The Financial Institution Regulatory Pronouncement and Consumer Revision Act of 2010

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Definitions:

Demand Payment

A formal request for the payment of owed money.

Endorse

To give public approval or support to something or someone.

Holder In Due Course

A legal term referring to a person who acquires a negotiable instrument in good faith and has the right to collect it free from any defects.

Provide Value

The act of offering products, services or actions that are beneficial or of worth to customers, stakeholders, or society at large.