A Lender Can Make a Higher-Priced Mortgage Loan Based on the Value

question 8

True/False

A lender can make a higher-priced mortgage loan based on the value of the consumer's home without verifying the consumer's ability to repay the loan.

---

Definitions:

Democratizing

The process of making something accessible to all people, often used in the context of technology or information, making it available and understandable to the general public.

Videoconferencing

A technology that allows users in different locations to hold face-to-face meetings without having to move to a single location physically.

Telepresence

Technology that allows a person to feel as if they are present, to give the appearance of being present, or to have an effect, somewhere other than their true location.

UC

Unified Communications, which integrates multiple methods of communication, such as email, voice, and video conferencing, into a single interface.