Under the TILA,a Creditor Can Unilaterally Terminate a Credit Plan

question 28

Multiple Choice

Under the TILA,a creditor can unilaterally terminate a credit plan for a home equity loan and require immediate repayment of the outstanding balance when a consumer has:

• A) paid the installment without the added interest.
• B) lost his only source of income.
• C) defaulted on one repayment installment.
• D) made material misrepresentations.

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