Finance
Which South Carolina lending law protects consumers from prepayment penalties and negative amortization in high-cost home loans?
ATILA only
BThe SC High-Cost and Consumer Home Loans Act (SC High-Cost Act)✓ Correct
CRESPA only
DThe SC Mortgage Reform Act
Explanation
South Carolina's High-Cost and Consumer Home Loans Act (also known as the Predatory Lending Act) provides additional consumer protections against abusive terms in high-cost home loans.
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