The branch manager compares the file facts with TILA HPML Rules during a borrower follow-up call. Which conclusion is accurate?
Correct Answer
B) Check escrow and appraisal duties for a covered HPML
HPML coverage depends on APR-over-APOR thresholds and carries escrow or appraisal duties. The best answer is "Check escrow and appraisal duties for a covered HPML".
Why This Is the Correct Answer
HPML coverage depends on APR-over-APOR thresholds and carries escrow or appraisal duties. The best answer is "Check escrow and appraisal duties for a covered HPML".
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