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The Home Ownership and Equity Protection Act (HOEPA) regulates 'high-cost loans' where the annual percentage rate (APR) and fees exceed the yield on comparable Treasury securities plus 8%.
Authors
Sources
- Financial Ethics 101: Predatory Lending - Seven Pillars Institute 7pillarsinstitute-org.sevenpillarsconsulting.com via serper
Referenced by nodes (3)
- Home Ownership and Equity Protection Act concept
- annual percentage rate concept
- high-cost loans concept