Which of the Following Acts Is Particularly Designed to Regulate

question 42

Multiple Choice

Which of the following acts is particularly designed to regulate the home loan market and put the burden on lenders to verify that a borrower can afford to repay the loan for which he or she has applied?

• A)Fair Credit Reporting Act
• B)Consumer Financial Protection Act of 2010
• C)Truth-in-Lending Act
• D)Mortgage Reform and Anti-Predatory Lending Act

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Definitions:

Tolerance

The process of becoming less responsive to a substance (such as a drug) or a stimulus after repeated exposure.

Withdrawal

The process of reducing or eliminating the use of a substance after prolonged dependency, often leading to uncomfortable physical and psychological symptoms.

Cardiac Problems

Health issues related to the heart, which can range in severity from minor to life-threatening conditions, including heart disease, arrhythmias, and heart attacks.

Emotional Distress

A state of emotional suffering often characterized by feelings of anxiety, depression, or stress.