What is the purpose of the CFPB's Ability-to-Repay (ATR) rule?
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A
To allow lenders to approve loans based on projected future income
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B
To require lenders to make a reasonable, good-faith determination that a borrower can repay a mortgage before extending credit
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C
To set a maximum loan term of 20 years for all mortgages
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D
To permit borrowers to self-certify their income without documentation