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6.1.12 Flashcard Review

Amanda Ukasick

Created on September 12, 2025

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Transcript

The __________ has several Veteran and Servicemember protections in place to protect this subsect of consumers.

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The correct answer is...

CFPB

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If a mortgage loan was secured prior to military enlistment, the Servicemembers Civil Relief Act requires the lender to secure a court order before proceeding with foreclosure on the home, and this protection extends for one year following the __________.

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The correct answer is...

completion of service

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Homeowners with existing VA loans qualify for a refinancing loan aimed at reducing interest rates, under the condition that the home is or was the __________.

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The correct answer is...

primary residence

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