CFPB Mortgage Compliance Training (MCT) 4 Practice Test 2025 - Free Mortgage Compliance Practice Questions and Study Guide Flash Cards

Question: 1 / 400

Which transaction meets the prepayment penalty coverage test and is therefore a high-cost mortgage?

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A $125,000 mortgage with a penalty of $1,500 flat fee if the loan is paid off before the 6 year maturity

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