Examples of Unfair Practices Mentioned in Guidelines Against Predatory and Abusive

Examples of unfair practices mentioned in guidelines against Predatory and Abusive Lending includes loan flipping and loan equity stripping. It is said that:

A) Loan flipping may be unfair because it increases the chances of foreclosure by decreasing home equity and increasing debt burden
B) Equity stripping is the practice of making loans secured by the consumer's home but with high, up-front fees that are financed and secured by the home
C) Loan flipping is the practice of making loans secured by the consumer's home but with high, up-front fees that are financed and secured by the home
D) Equity stripping may be unfair because it increases the chances of foreclosure by decreasing home equity and increasing debt burden

Correct Answer:

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