Under the TILA,a Qualified Mortgage (QM)

question 36

Multiple Choice

Under the TILA,a qualified mortgage (QM)

• A)limits upfront points and fees to 5 percent.
• B)limits all of a borrower's debt to 43 percent of his or her income.
• C)allows balloon payments only if the borrower agrees up front.
• D)must allow for negative amortization.

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