Question 14 of 75. Which statement correctly completes the following sentence about Discharge of Qualified...
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Question 14 of 75. Which statement correctly completes the following sentence about Discharge of Qualified Principal Residence Indebtedness (QPRI)? This type of discharge from debt Can be defined as the restructuring of a loan that allows the borrower to retain ownership of their home. is applicable to a second home. Is not likely to trigger cancellation of debt income. Occurs when the bank takes the home from the borrower to satisfy the mortgage debt
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