Which of the Following Is Designed Put the Burden on Mortgage

question 56

Multiple Choice

Which of the following is designed put the burden on mortgage lenders to verify that a borrower can afford to repay the loan for which he or she has applied?

• A) Fair Credit Reporting Act
• B) Consumer Financial Protection Act of 2010
• C) Truth-in-Lending Act
• D) Mortgage Reform and Anti-Predatory Lending

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Definitions:

Constitution

The fundamental set of principles and precedents by which a state or other organization is governed, often outlining the powers of government and rights of the citizens.

Probate Court

A specialized judicial process dealing with the validation and execution of a deceased person's will, including the distribution of assets to beneficiaries.

Great-Aunt

The sister of one's grandparent or the aunt of one's parent.

Assets

Resources with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.