The concept of equity-protected mortgages consists in?
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The Home Ownership and Equity Protection Act states that if a mortgage or home equity loan meets the high-cost coverage tests, then the lender must provide the borrower with certain disclosures. ... There are also restrictions concerning fees and penalties associated with high-cost loans
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The Home Ownership and Equity Protection Act states that if a mortgage or home equity loan meets the high-cost coverage tests, then the lender must provide the borrower with certain disclosures. ... There are also restrictions concerning fees and penalties associated with high-cost loans.
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