Finance
The NJ Predatory Lending Act (N.J.S.A. 46:10B-22 et seq.) targets which of the following?
AConventional mortgage lending to prime borrowers
BHigh-cost home loans with excessive fees, prepayment penalties, and other abusive terms targeting vulnerable borrowers✓ Correct
CFHA loan origination
DTitle insurance pricing
Explanation
NJ's predatory lending law regulates high-cost mortgage loans, prohibiting abusive terms like excessive fees, single-premium insurance financed into loans, and certain prepayment penalties that exploit vulnerable borrowers.
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