One of the Protections for Consumers Against Subprime Loans Includes

question 11

True/False

One of the protections for consumers against subprime loans includes credit counseling before consumers may sign for certain types of subprime loans.

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Definitions:

Personal Information

Data or information about an individual that can be used to identify them, including name, address, or financial details.

Credit Information

Data about an individual’s or company’s credit history and current credit status, used by lenders to make lending decisions.

Crime

A violation of the law that is punishable by the state or other authority.

Computer System

An integrated setup that includes hardware, software, data, and procedures to perform information processing tasks.