Steering and Targeting Occur When a Lender Manipulates a Borrower

question 41

True/False

Steering and targeting occur when a lender manipulates a borrower into accepting a loan product that benefits the lender but is not the best loan for the borrower.

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Definitions:

Reached Adulthood

The transition stage where an individual moves from youth into maturity, taking on responsibilities and legal recognitions associated with adults.

Behavior

The observable actions or reactions of individuals, often in response to external stimuli or internal decisions.

Play-Time

A designated period during which individuals, particularly children, engage in recreational activities or play for enjoyment and relaxation.

Parents' Permission

The approval or consent given by a parent or guardian allowing their child to engage in certain activities or decisions.