Which of the following statements regarding the deductibility of points is false?

A.Points charged for underwriting services to obtain the loan are deductible as interest because, without those services, the taxpayer will not acquire the loan.

B.To be fully deductible in the year paid, points must be charged on the taxpayer's residential mortgage and not commercial property, and cannot be paid with borrowed funds.

C.To be fully deductible in the year paid, points must constitute prepaid interest and must be an established business practice in the area where the loan is made.

D.To be fully deductible in the year paid, the points paid may not exceed the amount generally charged in the area where the loan is made.