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Jan took a mortgage out of around $1,500,000 for a primary home on March 13, 2017. Her brother Bill took out a loan of $850,000

Jan took a mortgage out of around $1,500,000 for a primary home on March 13, 2017. Her brother Bill took out a loan of $850,000 on May 5, 2018 for a designated second home.

a. What will Jan's debt principal limit on home mortgage acquisition indebtedness be?

b. What will Bill's debt principal limit on home mortgage acquisition indebtedness be?

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