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California's predatory lending restrictions under CFL §4970-4979.8 apply to loans secured by:

Correct Answer

B) The borrower's principal dwelling only

California's covered loan provisions apply specifically to loans secured by the borrower's principal dwelling, not all real property.

Answer Options
A
Any real property
B
The borrower's principal dwelling only
C
Commercial property
D
Vacant land

Why This Is the Correct Answer

California's covered loan provisions apply specifically to loans secured by the borrower's principal dwelling, not all real property.

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