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New Jersey's Anti-Predatory Lending Act protects borrowers by:

Correct Answer

B) Limiting fees, prepayment penalties, and requiring disclosures

The Anti-Predatory Lending Act limits fees, restricts prepayment penalties, and requires specific disclosures to protect borrowers.

Answer Options
A
Eliminating all closing costs
B
Limiting fees, prepayment penalties, and requiring disclosures
C
Guaranteeing low interest rates
D
Providing free legal services
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Why This Is the Correct Answer

The Anti-Predatory Lending Act limits fees, restricts prepayment penalties, and requires specific disclosures to protect borrowers.

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