Before the loan advances, a branch supervisor must resolve a ARM features and caps issue in a ARM features and caps. What should happen?
Correct Answer
B) Apply the index, margin, and cap rules to the ARM adjustment
ARM products use an index, margin, adjustment periods, caps, and payment-change disclosures. The best answer is "Apply the index, margin, and cap rules to the ARM adjustment".
Why This Is the Correct Answer
ARM products use an index, margin, adjustment periods, caps, and payment-change disclosures. The best answer is "Apply the index, margin, and cap rules to the ARM adjustment".
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