Finance
Vermont's 'predatory lending' laws protect consumers from mortgage practices such as:
ACharging standard origination fees
BLoan flipping, excessive fees, balloon payment deception, and loans based on equity rather than ability to repay✓ Correct
CRequiring homeowners insurance
DCharging points on fixed-rate mortgages
Explanation
Vermont's consumer protection laws and federal regulations protect borrowers from predatory lending practices including 'loan flipping' (repeatedly refinancing to generate fees), excessive fees, deceptive balloon payment structures, and equity stripping (loans the borrower cannot afford based on assets rather than income).
Related Vermont Finance Questions
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