The Dodd-Frank Act of 2010:

A) requires that lenders ensure borrowers will repay their mortgage loans.
B) prohibits unfair and deceptive lending practices, although subprime mortgages are excluded from the scope of the Act.
C) expands protection for borrowers of high-cost mortgage loans.
D) requires that lenders disclose the minimum amount a consumer could pay on a variable rate mortgage.

Dodd-Frank Act

A comprehensive and complex piece of financial reform legislation passed in 2010 in the United States, aimed at preventing future financial crises by improving accountability and transparency in the financial system.

Mortgage Loans

Loans secured by real property through the creation of a mortgage note, enabling borrowers to purchase property.

Subprime Mortgages

Loans given to borrowers with lower credit ratings, often at higher interest rates due to the increased risk of default.