37877164__Predatory_Lending__June__2006__DEFINITION_OF_CHARACTERISTIC
[CHARACTERISTIC] Spurious Open-End Loans [DEFINITION OF CHARACTERISTIC] 
The lender is allowed to avoid the more comprehensive disclosures required by closed-end credit and thereby avoid any chance of the homeowner asserting the right of rescission, avoiding the restrictions under the HOEPA, regardless of the cost of the loan.
FDIC OIG: Challenges and FDIC Efforts Related to Predatory Lending, June, 2006
DEFINITION OF CHARACTERISTIC