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It might be unlawful, when you look at the stretching borrowing or in providing any characteristics to own a consumer borrowing deal protected of the dominant house of your own consumer, to take part in any act or habit that violates assessment independence as the demonstrated for the or pursuant so you can legislation prescribed significantly less than so it area

Concerning a credit rating purchase protected from the a customer’s prominent house, a creditor who knows, at or just before mortgage consummation, of a solution of assessment freedom criteria created in subsections (b) or (d) will maybe not continue borrowing from the bank predicated on including assessment until the fresh creditor data your creditor has actually acted having reasonable diligence to choose the assessment cannot materially misstate otherwise misrepresent the value of these hold.