Hill & Dale Credit Corporation makes mortgage loans to consumers secured by their principal homes. For a Hill & Dale loan to qualify as a Higher-Priced Mortgage Loan (HPML), its annual percentage rate must exceed, by a certain amount,
A. the average prime offer rate for a comparable transaction.
B. the consumer's income-to-debt ratio.
C. the percentage of income that a consumer can devote to its payment.
D. the projected increase in market value of the consumer's home.
Answer: A
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