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Credit insurance premiums and the MAPR

Answered by: 
Jack Holzknecht
Kelly Owsley
BOL Learning Connect

Question: 
If a borrower chooses to purchase credit insurance or a similar product, not required by the lender, does it have to be factored in the MAPR?
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First published on 09/11/2016

Filed under: 
Compliance
Filed under compliance as: 
Audit
Credit Cards
Real Estate Lending
Risk Assessment/Risk Management
Lending
Lending to Military
Military Lending

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