Common Practices Used by Dishonest Lenders Include All of the Following

question 43

Multiple Choice

Common practices used by dishonest lenders include all of the following except the lender

• A)prohibiting the borrower from purchasing insurance or other financial services as a condition of the loan.
• B)charging high loan fees which cause financing costs to be much higher than the quoted rates.
• C)requiring that the borrower purchase insurance or other financial services.
• D)having a large balloon payment that will require additional financing to pay it off.

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Definitions:

Supplemental Nutrition

Programs or interventions designed to provide additional nutritional support, especially to vulnerable groups such as children, the elderly, or low-income families.

Capital Gains Tax

A tax levied on the profit received from selling a capital asset such as stocks, bonds, or real estate.

Earned Income Tax Credit

A refundable tax credit for low to moderate-income working individuals and families, primarily to benefit those with children.

Anti-Poverty Programs

Initiatives designed to reduce poverty by providing financial aid, education, and resources to those in need.