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Question 1 of 8
1. Question
HPML Index
What index is used to define a higher-priced mortgage loan?
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Question 2 of 8
2. Question
APOR Source
What is the source used by the Board to derive the Average Prime Offer Rate (APOR)?
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Question 3 of 8
3. Question
HPML Characteristics
Which characteristics must a loan have to be classified as a higher-priced mortgage loan (HPML)?
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Question 4 of 8
4. Question
First-Lien Threshold
For first-lien loans, the APR must exceed APOR by at least:
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Question 5 of 8
5. Question
Subordinate-Lien Threshold
For subordinate-lien loans, the APR must exceed APOR by:
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Question 6 of 8
6. Question
Included Loan Types
Which of the following is included in the definition of a higher-priced mortgage loan?
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Question 7 of 8
7. Question
Excluded Loan Types – HELOC
Which loan type is excluded from classification as a higher-priced mortgage loan?
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Question 8 of 8
8. Question
Excluded Loan Types – Multiple
Which of the following loan types is not considered a higher-priced mortgage loan?
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