Sawyer receives conflicting instructions about points and fee calculations. Which instruction should control?
Correct Answer
D) Separate discount points from ordinary fees when the rule requires it
Points and fees can affect APR, HOEPA, QM, and borrower cost calculations. The best answer is "Separate discount points from ordinary fees when the rule requires it".
Why This Is the Correct Answer
Points and fees can affect APR, HOEPA, QM, and borrower cost calculations. The best answer is "Separate discount points from ordinary fees when the rule requires it".
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