Finance
In Arizona, 'predatory lending' practices that are illegal include:
ARequiring a minimum credit score for conventional loans
BLoan flipping, equity stripping, balloon payment abuse, and charging excessive fees to vulnerable borrowers✓ Correct
CDeclining loans in high-risk market areas
DCharging standard origination fees disclosed in the Loan Estimate
Explanation
Predatory lending involves deceptive, abusive, or unfair practices targeting vulnerable borrowers—including loan flipping (repeated refinancing with excessive fees), equity stripping, steering to high-cost products, and inflating fees.
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