Fact Pattern 31-1A24-Hour Credit Corporation issues high-cost and high-fee mortgage products to people, including Benny, who could not easily obtain credit under other loan programs.Refer to Fact Pattern 31-1A. 24-Hour Credit assigns Benny's loan to Consolidated Mortgage Investment Corporation. For most purposes, Consolidated
A. acquires the status of a holder in due course (HDC).
B. has more protection than a mortgage assignee but less than an HDC.
C. is exempt from federal law with respect to mortgages.
D. is subject to claims that Benny could assert against 24-Hour Credit.
Answer: D
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What will be an ideal response?
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A. Politicians D.
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