What is the difference between ‘regulated mortgage contract’ and ‘unregulated’ in the context of CeMAP?

What is the difference between ‘regulated mortgage contract’ and ‘unregulated’ in the context of CeMAP?

• A. A regulated mortgage contract relates to consumer lending subject to FCA rules; unregulated loans fall outside such controls.
• B. Both are equally regulated by the FCA without distinction.
• C. Regulated contracts are only for buy-to-let properties; unregulated are for owner-occupied homes.
• D. Unregulated loans are never secured and always have higher interest.

Answer: (A)