On July 1 of the current year, Tim refinances his home and borrows $200,000. Tim is required to pay one-and-a-half points on the loan. The loan is secured by the residence and the charging of points is an established business practice in the area. The term of the loan is 30 years, beginning on July 1 of the current year. How much, if any, of the points may Tim deduct in the current year? Show work.

A) $0

B) $45

C) $1,500

D) $3,000