Loan Officer Practice Exam 2025 – Comprehensive All-in-One Guide for Exam Success!

Question: 1 / 415

Section 35 of _____ sets forth requirements for loans that meet higher-priced mortgage loan criteria.

Regulation B

Regulation H

Regulation X

Regulation Z

The correct answer is Regulation Z. This regulation implements the Truth in Lending Act (TILA), which governs the disclosure of terms and costs associated with lending. Section 35 specifically addresses higher-priced mortgage loans and outlines the requirements lenders must adhere to when originating these loans, including additional disclosures and protections for borrowers. The provisions in Section 35 are designed to ensure that borrowers are fully informed about the risks and costs involved in higher-priced mortgage loans, which can often carry more risk for consumers. Regulation Z's focus on transparency and consumer protection is critical in maintaining fair lending practices in the mortgage industry.

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