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Each of the following statements is correct regarding High Cost ( section 3 2 ) loans, EXCEPT: Select one: A . Negative amortization is prohibited
Each of the following statements is correct regarding High Cost section loans, EXCEPT:
Select one:
A Negative amortization is prohibited
B The interest rate of the loan cannot be increased if the loan goes into default
C Balloon payments are prohibited for loans of less than five years except for bridge loans
D Second homes and investment properties are not exempt from HOEPA
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