A mortgage file is paused during a risk-control review because of TILA Advertising Requirements. Which answer should resolve the issue before the file moves forward?
Correct Answer
A) Disclose required terms when a trigger term is used
Mortgage advertisements must be truthful and include required APR or trigger-term disclosures. The best answer is "Disclose required terms when a trigger term is used".
Why This Is the Correct Answer
Mortgage advertisements must be truthful and include required APR or trigger-term disclosures. The best answer is "Disclose required terms when a trigger term is used".
More Federal Laws Questions
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