Finance
Predatory lending practices include:
ARequiring a down payment
BExcessive fees, prepayment penalties, and loan flipping targeting vulnerable borrowers✓ Correct
CRequesting income documentation
DCharging market rate interest
Explanation
Predatory lending involves deceptive, manipulative, or unfair lending practices such as excessive fees, hidden terms, prepayment penalties, loan flipping (frequent refinancing), and targeting vulnerable borrowers.
Related Georgia Finance Questions
- Under RESPA, which payment is prohibited?
- Which of the following is considered a 'non-liquid' asset for mortgage qualifying purposes?
- A Georgia USDA Rural Development loan is designed for:
- In Georgia, which entity most commonly handles the real estate closing?
- A balloon mortgage requires the borrower to:
- USDA Rural Development loans are available to:
- A conventional mortgage loan is one that is:
- An acceleration clause in a mortgage allows the lender to:
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →