Which of the Following Would Be Considered an Unacceptable Consumer

question 23

Multiple Choice

Which of the following would be considered an unacceptable consumer loan?

• A) A home improvement loan, secured by a first mortgage
• B) A home improvement loan, secured by a second mortgage
• C) A $10,000 loan on a new $30,000 boat, secured by the boat
• D) A loan on for 80% of the value on a new automobile, secured by the automobile
• E) A loan for 95% of the value of used skydiving equipment, secured by the equipment

---

Definitions:

On-Subject Comment

A comment or remark that is directly related to the main topic or issue being discussed.

Inquiry

The act of seeking information by questioning or investigating, often a critical component of research or problem-solving.

Adjustment Refusal

The act of denying a request for changes or amendments, often communicated through a formal message.

Refusal Reasons

The justification or rationale provided for denying a request or declining an offer.