Common Practices Used by Dishonest Lenders Include All of the Following

question 1

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) requiring a large balloon payment that will necessitate additional financing to pay it off.

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Definitions:

Avoidance

A behavior or strategy aimed at keeping away from certain situations or stimuli that are perceived as harmful or unpleasant.

Therapeutic Alliance

The collaborative bond and trust between a therapist and client, considered to be a crucial factor in the effectiveness of therapy.

Counseling

A professional process that involves assisting individuals, couples, or groups in solving personal or psychological problems through various therapeutic techniques.

Advice-Giving

The act of offering recommendations or guidance to someone, often within a professional or therapeutic context.