ARM Disclosure Rules Apply to Any Loan That Is

question 46

Multiple Choice

ARM disclosure rules apply to any loan that is:

• A)an open-ended consumer transaction.
• B)secured with real or personal property.
• C)longer than one year in duration.
• D)All of the above.

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Definitions:

Vichy

A city in France that was the seat of the French government from 1940 to 1944 during the occupation by Nazi Germany in World War II, associated with the collaborationist Vichy regime.

Maginot Line

A line of defensive fortifications built by France along its border with Germany before World War II, intended to deter invasion.

Bunker-like Fortifications

Defensive military structures designed to protect against enemy attacks, resembling bunkers with reinforced walls and limited access points.