Finance
Under Massachusetts law, what is the maximum origination fee a lender may charge on a 'small loan' (under $6,000) to a Massachusetts borrower?
A$75
B$100
C$150✓ Correct
D$200
Explanation
Massachusetts small loan regulations cap certain fees on loans under $6,000. Licensees should be familiar with the Massachusetts Division of Banks regulations governing consumer credit and small loans.
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