Difference between listing-qualify and qualify
- make fit or prepared
- pronounce fit or able
- make more specific
- add a modifier to a constituent
- prove capable or fit; meet requirements
Stated income loans only deserve the moniker "liar loans" because they were abused by banks and given to borrowers who lacked the income to qualify full doc.
The only defence remaining alive at present is, therefore, I suggest, the disputed decision about qualifying privilege.
There are tight rules on the type of properties that qualify for the relief.