'Responsible Lending' Under the National Credit Code Encompasses Obligations on the Part

question 52

Multiple Choice

'Responsible lending' under the National Credit Code encompasses obligations on the part of the licensed credit provider not to provide credit that is:

• A)High interest and short term.
• B)Unlikely to generate a good return for the lender.
• C)Unsuitable for the consumer.
• D)In fact low-doc or payday lending.

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Definitions:

Maturation

The process of becoming mature, involving growth and development to reach a stable or more advanced state.

Thymus

An immune system gland located in the chest that produces T-cells for the adaptive immune system before birth and during childhood.

Lymphocytes

White blood cells that are fundamental in the immune system to fight infection and disease.

Peyer's Patches

Specialized lymphoid nodules in the ileum of the small intestine that play a role in the immune response by monitoring intestinal bacteria populations and preventing the growth of pathogenic bacteria in the intestines.