The Adjustable-Rate Mortgage (ARM)has an Interest Rate Tied to the Increase

question 99

True/False

The adjustable-rate mortgage (ARM)has an interest rate tied to the increase or decrease of certain interest rates that your lender has to pay.

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Definitions:

Compensatory Damages

Money awarded to a plaintiff as reimbursement for her or his losses; based on the amount of actual damage or harm to property, lost wages or profits, pain and suffering, medical expenses, disability, and so on.

Disparate-Treatment Discrimination

A form of discrimination where an individual is treated less favorably than others based on a protected characteristic.

Title VII

A segment of the 1964 Civil Rights Act that bars discrimination in the workplace on the grounds of race, skin color, faith, gender, or national background.

Civil Rights Act of 1964

A landmark piece of federal legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin.