Question
An agent is preparing the appropriate disclosure documentation for her client who has been approved for a variable rate mortgage. Given this scenario, which of
An agent is preparing the appropriate disclosure documentation for her client who has been approved for a variable rate mortgage. Given this scenario, which of the following statements is correct?
a. The risks associated with this mortgage must be disclosed in the investor/lender disclosure
b. There are no risks associated with this mortgage that must be disclosed to the borrower
c. The risks associated with this mortgage must be disclosed in the borrower disclosure
d. The risks associated with this mortgage may be disclosed to the borrower verbally
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