Finance
A NC lender charging a borrower a prepayment penalty on a residential mortgage is most restricted under:
ARESPA
BNC's predatory lending law and Dodd-Frank's QM restrictions on prepayment penalties✓ Correct
CHMDA
DThe Community Reinvestment Act
Explanation
NC's anti-predatory lending statutes (Chapter 24) and federal QM rules significantly restrict prepayment penalties on residential mortgages, particularly on higher-cost loans.
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