Which of the following is permitted when servicing or originating a HOEPA loan?
A. Increasing the interest rate in the event of default
B. Disbursing funds directly to the contractor when the loan purpose is home improvement
C. Excluding charges paid by the creditor (other than MLO compensation) from the total points and fees
D. Originating a 3/23 balloon loan
Answer:C
Which of the following is permitted when servicing or originating a HOEPA loan?
A. Increasing the interest rate in the event of default B. Disbursing funds directly to the contractor when the loan purpose is home improvement C. Excluding charges paid by the creditor (other than MLO compensation) from the total points and fees D. Originating a 3/23 balloon loan