If a HOEPA loan is originated for purposes of home improvement:
A. The proceeds may be fully disbursed to the home improvement contractor
B. The proceeds may be fully disbursed to the home improvement contractor with the customer's permission
C. The proceeds may be retained by the lender and issued to the home improvement contractor at a future date agreed upon by all interested parties
D. The proceeds may be issued to and managed by a third-party escrow company that is agreed upon by all parties
Answer:D
If a HOEPA loan is originated for purposes of home improvement:
A. The proceeds may be fully disbursed to the home improvement contractor B. The proceeds may be fully disbursed to the home improvement contractor with the customer's permission C. The proceeds may be retained by the lender and issued to the home improvement contractor at a future date agreed upon by all interested parties D. The proceeds may be issued to and managed by a third-party escrow company that is agreed upon by all parties